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Insurance Australia Group Limited
Insurance Australia Group Limited (IAG) is a multinational insurance company. It is the largest general insurance company in Australia, and also the largest in New Zealand through its subsidiary IAG New Zealand. IAG had its origins in the National Roads and Motorists' Association (NRMA). It is headquartered in Sydney, Australia. The NRMA Insurance business demutualised in July 2000, separating from NRMA, with an issue of shares to NRMA members. NRMA Insurance Group Limited changed its name to Insurance Australia Group Limited on 15 January 2002, according to its website. IAG is an umbrella organization with numerous well known insurance brands it has acquired. The name ''IAG'' is not itself a customer-facing brand. IAG is listed on the Australian Securities Exchange and is a constituent of the S&P/ASX 50 index. Operations Insurance Australia Group has operations in Australia and New Zealand and a presence in five countries in Asia. Its businesses and brands include: Aust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profit Margin
Profit margin is a measure of profitability. It is calculated by finding the profit as a percentage of the revenue. \text = = There are 3 types of profit margins: gross profit margin, operating profit margin and net profit margin. * Gross Profit Margin is calculated as gross profit divided by net sales (percentage). Gross Profit is calculated by deducting the cost of goods sold (COGS) from the revenue, that is all the direct costs. This margin compares revenue to variable cost. It is calculated as: \text = \text - (\text + \text + \text) \text = \text - \text - \text \text = * Operating Profit Margin includes the cost of goods sold and is the earning before interest and taxes (EBIT) known as operating income divided by revenue. It is calculated as: \text = * Net profit margin is net profit divided by revenue. Net profit is calculated as revenue minus all expenses from total sales. \text = Overview Profit margin is calculated with selling price (or revenue) taken as base ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
QBE Insurance
QBE Insurance Group Limited is a general insurance and reinsurance company listed on the Australian Securities Exchange and headquartered in Sydney. The company employs more than 11,700 people in over 27 countries. Across its operations, QBE offers commercial, personal and specialty products and risk management products. History QBE was founded in 1886 as the North Queensland Insurance Co in Townsville, Queensland by two Scottish migrants, James Burns and Robert Philp, founders of shipping company Burns Philp to insure its ships. QBE was listed on the Australian Securities Exchange in 1973 from the merger of three companies whose names represent the letters of the combined company, Queensland Insurance, Bankers' and Traders' Insurance Company, and Equitable Life and General Insurance Co., and its founding chairman was J.D.O. Burns. Since then, QBE has continued to acquire many companies. In 1999 it purchased a 50% shareholding in Mercantile Mutual. In 2004 it purchased the ot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of India
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 49th largest bank in the world by total assets and ranked 221st in the '' Fortune Global 500'' list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the fifth largest employer in India with nearly 250,000 employees. On 14 September 2022, State Bank of India became the third lender (after HDFC Bank and ICICI Bank) and seventh Indian company to cross the 5-trillion market capitalisation on the Indian stock exchanges for the first time. The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. The Bank of Madras merged into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AMI Insurance
AMI Insurance began in Christchurch, New Zealand, in 1926 as the South Island Motor Union (SIMU), and grew to be the second biggest residential insurer in New Zealand. It was a mutual insurance company, meaning it was owned by its policy holders, until it was bought out by IAG New Zealand in 2011, following the 2011 Christchurch earthquake. History Effect of Canterbury earthquakes After the Christchurch earthquakes of 2010 and 2011, there was uncertainty about AMI's financial state, due to doubt over obtaining sufficient reinsurance cover for further earthquakes, plus lack of exact figures from the government's EQC to indicate how much of the earthquakes' insurance costs would have to come from Allied Mutual Insurance (AMI). The New Zealand government talked of bailing out the company up to $1,000 million because of the chaos that would ensue if it collapsed. The government eventually agreed to a NZ$500 million support deed. However, large losses led to a $76 million shortfall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Insurance
State Insurance is an insurance company based in New Zealand. , it is a business division of IAG New Zealand, a subsidiary of Insurance Australia Group. History State Insurance was formerly called the State Insurance Office. Previously, it had been the State Fire and Accident Office. The State Insurance Act 1990 repealed the State Insurance Act 1963 and created State Insurance as a state-owned enterprise. In late 2014, State closed all but one of its branches saying that 94% of customers were conducting their business online or over the phone. The branch in Riccarton, Christchurch, remained open due to the specific customer needs in the area surrounding the 2011 Christchurch earthquake, until it closed in 2020. The company has had well-known commercials that feature the song "Break My Stride "Break My Stride" is a song performed by American recording artist Matthew Wilder. It was released in October 1983 as the lead single from his debut album, '' I Don't Speak the Langua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Automobile Club Of Victoria
The Royal Automobile Club of Victoria (RACV) is a motoring club and mutual organisation. It offers various services to members, including insurance and roadside assistance. It has about 30,000 ordinary club members who have access to the lifestyle club properties and 2.1 million service members who hold any product offered by RACV. It operates two clubs for members, in the Melbourne central business district and in Healesville. The City Club was redeveloped in 2005, the Healesville Country Club in 2009. History Automobile Club of Victoria was founded at a meeting held at the Port Phillip Club Hotel on 9 December 1903 called by Syd Day, Henry James and James G. Coleman. Henry James Joseph "Harry" Maddox (1862-1937) was elected as its first President, and H.B. "Harry" James, its first secretary. At that first meeting, a proposal from Henry Sutton, the Australian motoring pioneer, was unanimously adopted: ::"that the objects of the club should be the promotion of a social ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
S&P/ASX 50
The S&P/ASX 50 Index is a stock market index of Australian stocks listed on the Australian Securities Exchange from Standard & Poor's. It is a part of the S&P Global 1200. While the "ASX 50" often simply refers to the 50 largest companies by market capitalisation, the S&P/ASX 50 Index is calculated by using the S&P Dow Jones Indices market capitalization weighted and float-adjusted methodologies. All 50 companies also feature in the S&P/ASX 200. Constituent companies , the constituent stocks of the ASX 50 in alphabetical order by symbol are: See also * List of Australian exchange-traded funds * S&P/ASX 20 * S&P/ASX 200 * S&P/ASX 300 * All Ordinaries Established in January 1980, the All Ordinaries (colloquially known as the "All Ords"; also known as the All Ordinaries Index, AOI) is the oldest index of shares in Australia. It is made up of the share prices for 500 of the largest companies list ... References External links * {{DEFAULTSORT:SandP ASX 50 Australi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Securities Exchange
Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, The Sydney Stock Exchange, a separate entity). The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with the Sydney Futures Exchange in 2006. Today, ASX has an average daily turnover of A$4.685 billion and a market capitalisation of around A$1.6 trillion, making it one of the world's top 20 listed exchange groups. ASX Clear is the clearing house for all shares, structured products, warrants and ASX Equity Derivatives. Overview ASX Group is a market operator, clearing house and payments system facilitator. It also oversees compliance with its operating rules, promotes standards of corporate governance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, smaller islands. With an area of , Australia is the largest country by area in Oceania and the world's List of countries and dependencies by area, sixth-largest country. Australia is the oldest, flattest, and driest inhabited continent, with the least fertile soils. It is a Megadiverse countries, megadiverse country, and its size gives it a wide variety of landscapes and climates, with Deserts of Australia, deserts in the centre, tropical Forests of Australia, rainforests in the north-east, and List of mountains in Australia, mountain ranges in the south-east. The ancestors of Aboriginal Australians began arriving from south east Asia approximately Early human migrations#Nearby Oceania, 65,000 years ago, during the Last Glacial Period, last i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sydney
Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountains to the west, Hawkesbury to the north, the Royal National Park to the south and Macarthur to the south-west. Sydney is made up of 658 suburbs, spread across 33 local government areas. Residents of the city are known as "Sydneysiders". The 2021 census recorded the population of Greater Sydney as 5,231,150, meaning the city is home to approximately 66% of the state's population. Estimated resident population, 30 June 2017. Nicknames of the city include the 'Emerald City' and the 'Harbour City'. Aboriginal Australians have inhabited the Greater Sydney region for at least 30,000 years, and Aboriginal engravings and cultural sites are common throughout Greater Sydney. The traditional custodians of the land on which modern Sydney stands ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
