Standard & Poor s has assigned a Very Strong Insurer Financial Strength Rating of AA- to the Group s core operating subsidiaries.

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1 Profile 3 January 2017 IAG. IAG is a general insurance group with controlled operations in Australia, New Zealand, Thailand, Vietnam and Indonesia, employing more than 14,000 people. Our businesses underwrite over $11 billion of premium per annum, selling insurance under many leading brands including NRMA Insurance, CGU, SGIO, SGIC, Swann Insurance and WFI (Australia); NZI, State, AMI and Lumley (New Zealand); Safety and NZI (Thailand); AAA Assurance (Vietnam); and Asuransi Parolamas (Indonesia). IAG also has interests in general insurance joint ventures in Malaysia and India. Standard & Poor s has assigned a Very Strong Insurer Financial Strength Rating of AA- to the Group s core operating subsidiaries. Purpose & Strategy IAG s purpose is: We make your world a safer place. This means, whether you are a customer, partner, employee, shareholder or part of the communities that IAG serves across Australia, New Zealand or Asia, IAG exists to make your world a safer place. We believe our purpose will enable us to become a more sustainable business over the long term, and deliver stronger and more consistent returns for our shareholders. Our opportunity IAG s opportunity is to embrace innovation. The way we live our lives is changing at a rapid pace driven by new technologies and shifting demographic trends. Our customers like IAG are facing changes at a rapid pace, driven by new technologies and shifting demographic trends. Whether in Australia, New Zealand or Asia, they face the same choice that we do as an organisation: do we let change happen to us, or do we embrace it and participate in making things better? IAG is determined to lead, helping our customers navigate through this journey and using innovation to make their lives safer and better. Our objective Our objective is to deliver world class customer experiences. All the elements of our strategy are driven by our customers needs. As well as delivering world class customer experiences, we will make IAG as successful as possible so we can reinvest in our leadership position. Strategic framework To fulfil our purpose, IAG is focusing on two key strategic themes: Leading the change that our customers need and demand. IAG is embracing innovation, to help customers navigate through change to make their lives safer and better. This has the company s customers at its core, and aims to make the experiences they have with IAG world class, through technology and smart ideas, at each individual interaction. Fuelling the business so that we can deliver on these opportunities. To fuel the investments in our continued leadership, IAG needs to be leaner and more responsive. This involves tackling necessary changes to the way we operate simplifying processes and systems, and optimising resources, to be more efficient. 1 IAG. Corporate profile. September 2016

2 Investments At 30 June 2016, the Group's overall investment allocation remained conservatively positioned, with 84% of total investments in fixed interest and cash (77% with rates of 'AA' or higher). At that date, the Group had: total investments of $12.9 billion; technical reserves of $8.7 billion backing insurance liabilities, invested in fixed interest and cash; and shareholders funds of $4.2 billion. Business operations and brands IAG is the name behind some of the most trusted and respected insurance brands in the regions in which we operate. 1 IAG s short tail personal insurance products are distributed in Victoria under the RACV brand, via a distribution relationship and underwriting joint venture with RACV. These products are distributed by RACV and manufactured by Insurance Manufacturers of Australia Pty Limited (IMA), which is 70% owned by IAG and 30% by RACV. 2 IAG owns 100% of WFI Insurance Limited (WFI), the underwriter of general insurance products under the Coles Insurance brand. These products are distributed by Coles under an authorised representative agreement with WFI. 3 IAG holds a 98.61% beneficial interest in Safety Insurance, based in Thailand, which trades under the Safety and NZI brands. 4 IAG owns 49% of the general insurance arm of Malaysian-based AmBank Group, AmGeneral Holdings Berhad (AmGeneral), which trades under the AmAssurance and Kurnia brands. 5 IAG owns 26% of SBI General Insurance Company, a joint venture with State Bank of India. 6 IAG owns 63.17% of AAA Assurance Corporation, based in Vietnam. 7 Our IAG owns business 80% of PT Asuransi structure Parolamas, based in Indonesia. All ownership percentages are as at 30 June In Australia, IAG has two customer-facing divisions responsible for sales, service, and brand and marketing execution. The Australian Consumer Division focuses on individuals and families, and the Australian Business Division focuses on businesses of all sizes. 2 IAG. Corporate profile. September 2016

3 The customer-facing divisions are supported by two divisions that focus on the customer experience, technology and operations: Customer Labs is responsible for the customer experience strategy and driving product innovation through data and insights, brand architecture across the Group, and new business incubations and venturing. Operations Division is responsible for claims and operational functions such as procurement and supply chain management. IAG s New Zealand and Asia businesses sit within the International Division. Our New Zealand business focuses on maintaining its market-leading presence in the mature New Zealand market, while the Asia business focuses on growing its established presence in Malaysia, Thailand, India, Indonesia and Vietnam. Financial results Australian operations For the year ended 30 June 2016: Consumer Division generated GWP of approximately $5.8 billion. Consumer Division distributes general insurance products directly to customers throughout Australia under the NRMA Insurance, SGIO, SGIC, and RACV (in Victoria, via a distribution and underwriting relationship with RACV) brands and indirectly through intermediaries including financial institutions and affinity groups and accounted for 51% of group GWP for the year. Business Division generated GWP of approximately $3 billion. Business Division provides insurance to business customers, predominantly under the CGU, Swann Insurance and WFI brands and accounted for 26% of group GWP for the year. New Zealand operations New Zealand generated GWP of approximately $2.2 billion for the year ended 30 June 2016, representing approximately 19% of Group GWP. IAG is the leading general insurance provider in New Zealand across both the direct and intermediated channels. Insurance products are sold directly to customers predominantly under the State and AMI brands, and through intermediaries (insurance brokers and authorised representatives) predominantly under the NZI and Lumley Insurance brands. Personal lines and commercial products are also distributed under third party brands by IAG s corporate partners, including large financial institutions. Asia operations At 30 June 2016, Asia s GWP was $757 million and the business represented approximately 7.5% of the group s GWP on a proportional basis. IAG has a presence in five markets: Thailand IAG has a 98.61% beneficial interest in Safety Insurance, a predominantly motor insurer. The business operates under a single licence, using two brands: Safety (personal lines) and NZI (commercial lines). Thailand generated GWP of $362 million for the year ended 30 June Malaysia IAG has a 49% interest in the general insurance arm of AmBank Group, AmGeneral Holdings Berhad (AmGeneral), whose wholly-owned subsidiary trades under the market-leading brands of AmAssurance and Kurnia. The joint venture was established in 2006, and became one of the leading motor insurers in Malaysia following its acquisition of Kurnia Insurans (Malaysia) Berhad (Kurnia) in September GWP for the 2016 financial year was $521 million, with IAG's share being $255 million. India IAG has established a general insurance joint venture with the State Bank of India (SBI), known as SBI General Insurance Company (SBI General), which commenced 3 IAG. Corporate profile. September 2016

4 operations in IAG owns 26% of SBI General, which reported GWP of close to $447 million for the year ended 30 June 2016 with IAG's share being approximately $116 million. Vietnam IAG has a 63.17% interest in AAA Assurance Corporation. In the year ended 30 June 2016, AAA Assurance recorded GWP of $17 million. Indonesia IAG owns an 80% interest in PT Asuransi Parolamas (Parolamas), a small general insurance company based in Jakarta. This acquisition was completed at the end of April 2015 and provides IAG with the necessary insurance licence to compete in Indonesia. Parolamas reported GWP of $7 million for the 2016 financial year. Brief history From its beginnings as a motor vehicle insurer in New South Wales, Australia, IAG has grown to become a general insurance group diversified by product, distribution channel and geography. The Group s heritage dates back to 1920, when the National Roads and Motorists Association (NRMA) was established and subsequently offered motor insurance to its members. In 2000, the insurance arm of NRMA demutualised and was listed on the Australian Securities Exchange. In 2002 the company was renamed Insurance Australia Group Limited (ASX:IAG). The Group initially grew organically and through acquisitions in its home market of Australia. Recognising the benefits of geographical diversification, it has expanded offshore to New Zealand, Thailand, Malaysia, India and Vietnam. Group Leadership Team Peter Harmer, Managing Director and Chief Executive Officer Julie Batch, Chief Customer Officer Chris Bertuch, Group General Counsel & Company Secretary Ben Bessell, Chief Executive, Australian Business Division Duncan Brain, Chief Executive, Asia Mark Milliner, Chief Operating Officer David Harrington, Group Executive, Office of the CEO Nick Hawkins, Chief Financial Officer Jacki Johnson, Group Executive, People, Performance & Reputation Anthony Justice, Chief Executive, Australian Consumer Division Craig Olsen, Chief Executive, New Zealand Clayton Whipp, Chief Risk Officer Board of Directors Elizabeth Bryan AM, Chairman and Non-executive Director Duncan Boyle, Non-executive Director Alison Deans, Non-executive Director Hugh Fletcher, Non-executive Director Raymond Lim, Non-executive Director Jon Nicholson, Non-executive Director Helen Nugent AO, Non-executive Director Tom Pockett, Non-executive Director Philip Twyman, Non-executive Director Peter Harmer, Managing Director and Chief Executive Officer For more information For more information on IAG or any of its brands, please use the details below: Website Mail Telephone +61 (0) Level 26, 388 George Street Fax +61 (0) Sydney NSW 2000 Australia 4 IAG. Corporate profile. September 2016

5 About IAG IAG is the parent company of a general insurance group with controlled operations in Australia, New Zealand, Thailand, Vietnam and Indonesia, employing more than 15,000 people. Its businesses underwrite over $11 billion of premium per annum, selling insurance under many leading brands, including: NRMA Insurance, CGU, SGIO, SGIC, Swann Insurance and WFI (Australia); NZI, State, AMI and Lumley Insurance (New Zealand); Safety and NZI (Thailand); AAA Assurance (Vietnam); and Asuransi Parolamas (Indonesia). IAG also has interests in general insurance joint ventures in Malaysia and India. For further information please visit Insurance Australia Group Limited ABN George Street Sydney NSW 2000 Australia Telephone. +61 (0) IAG. Corporate profile. September 2016