As investors navigated a turbulent 2025 financial year, two insurance giants climbed the wall of worry to deliver double-digit returns: IAG and QBE.
IAG, behind the NRMA Insurance brand, delivered 33 per cent total return, while QBE, which operates in 27 countries, gained 44 per cent. Both outperformed the S&P/ASX 200’s 15 per cent return.
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Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
