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Insurance Australia Group (Insurance Australia Group) Retained Earnings : $-300 Mil (As of Dec. 2023)


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What is Insurance Australia Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Insurance Australia Group's retained earnings for the quarter that ended in Dec. 2023 was $-300 Mil.

Insurance Australia Group's quarterly retained earnings increased from Dec. 2022 ($-574 Mil) to Jun. 2023 ($-428 Mil) and increased from Jun. 2023 ($-428 Mil) to Dec. 2023 ($-300 Mil).

Insurance Australia Group's annual retained earnings increased from Jun. 2021 ($-856 Mil) to Jun. 2022 ($-845 Mil) and increased from Jun. 2022 ($-845 Mil) to Jun. 2023 ($-428 Mil).


Insurance Australia Group Retained Earnings Historical Data

The historical data trend for Insurance Australia Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Insurance Australia Group Retained Earnings Chart

Insurance Australia Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -146.53 -359.56 -856.27 -844.69 -428.19

Insurance Australia Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -889.84 -844.69 -574.22 -428.19 -299.87

Insurance Australia Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Insurance Australia Group  (OTCPK:IAUGY) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Insurance Australia Group (Insurance Australia Group) Business Description

Address
Darling Park, 201 Sussex Street, Level 13, Tower Two, Sydney, NSW, AUS, 2000
Insurance Australia Group is the biggest domestic general insurer by gross written premium operating in Australia and New Zealand. The key general insurance markets in which the company operates are home and contents, motor vehicle and compulsory third-party, and short-tail commercial. Insurance Australia Group sells insurance under several brands, including NRMA, CGU, SGIO, SGIC, WFI, and Swann in Australia, and NZI, State, AMI, and Lumley in New Zealand.