Research Disclosures & Disclaimers

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published UBS Global Research products, including those related to
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Insurance Australia Group (IAG.AX)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (A$)	Price Target (A$)	Rating
2022-02-18	4.76	4.20	Sell
2022-04-06	4.38	4.10	Sell
2022-08-12	4.66	4.20	Sell
2023-02-01	4.91	4.40	Sell
2023-02-03	4.73	4.20	Sell
2023-02-13	4.92	4.30	Sell
2023-06-14	5.23	4.70	Sell
2023-07-07	5.73	4.80	Sell
2023-08-21	5.79	5.10	Sell
2023-12-05	5.92	6.00	Neutral
2024-04-30	6.44	6.50	Neutral
2024-06-28	7.14	7.10	Neutral
2024-10-29	7.55	8.15	Neutral
2024-11-28	8.47	8.55	Neutral
2025-02-01	9.20	9.15	Neutral
2025-02-13	7.80	8.60	Neutral
2025-04-02	7.79	8.50	Neutral
2025-04-09	7.46	8.30	Buy
2025-05-16	8.65	9.30	Neutral

Disclosures

UBS has acted as manager/co-manager in the underwriting or placement of securities of this company/entity or one of its affiliates within the past 12 months.
Within the past 12 months, UBS has received compensation for investment banking services from this company/entity or one of its affiliates.
UBS expects to receive or intend to seek compensation for investment banking services from this company/entity within the next three months.
Within the past 12 months, UBS has received compensation for products and services other than investment banking services from this company/entity.
UBS Securities Australia Limited is acting as broker to Insurance Australia Group on its on market buyback and may receive a fee for this service
UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.