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Term Description
AGM An annual general meeting of shareholders required by law where directors inform shareholders of company performance and future prospects. Shareholders vote on board elections and significant company issues. All shareholders will be mailed a Notice of Meeting at least 28 days prior to the AGM date.
ASIC Australian Securities and Investments Commission.
ASX Australian Securities Exchange Limited ACN 008 624 691.
ASX Business day Monday to Friday inclusive, except New Year's day, Good Friday, Easter Monday, Christmas day, Boxing day and any other date that the ASX declares is not a business day.
CHESS ASX's Clearing House Electronic Sub-register System which provides the central register for electronic transfer of share ownership.
Chess holding A holding of shares on the CHESS sub-register of the company, sponsored by a sharebroker.
CGT Capital Gains Tax.
Cum dividend With dividend. This means the holder has bought shares in time to qualify for a dividend which has been recently announced.
Demutualisation The change of NRMA Insurance Limited from a company limited by guarantee to a company limited by shares owned by IAG and the issue of shares in IAG to former members of NRMA Insurance Limited on 22 July 2000.
Dividend Amount the company pays to shareholders. The rate of dividend is generally expressed in cents per share.
Dividend imputation The system under which shareholders receiving dividends from a company, are entitled to a credit for the Australian tax paid by the company on its income. See also imputation credit/imputed credit/franking credit.
Dividend yield The return on share investment, calculated by dividing the dividend rate (in cents per share) by the market price of the share. It is expressed as a percentage.
Ex date The date on which shares change from 'cum' to 'ex' status. This date is the fifth day prior to, and including, the record date. It's the first day the shares trade without the buyer qualifying for the dividend.
Ex dividend Without dividend. Once a share has gone 'ex dividend' the buyer does not receive the dividend declared, but will receive subsequent dividends if the shares are still held.
Franked dividend Dividends on shares with franking credit attached. A company is able to declare that a percentage (up to 100% of a dividend) is franked depending on the amount of franking credits available.
Group The group of companies made up of Insurance Australia Group Limited and its controlled entities.
HIN Holder Identification Number. Allocated by a broker to shareholder sponsored through CHESS.
Holding statement A statement which confirms your shareholding and any changes to the number of shares held.
Imputation credit/
Imputed credit/
Franking credit
To prevent shareholders from paying income tax on dividends paid out of company profits that have already been taxed (a double tax on the same earnings), the company's tax payment is 'imputed' or attributed to the shareholders, through the company being entitled to either fully, or partially 'frank' its dividends. Shareholders receive a tax credit for the franked portion of such dividends. See also dividend imputation.
IAG Refers to Insurance Australia Group Limited ABN 60 090 739 923, formerly NRMA Insurance Group Limited ABN 60 090 739 923.
Interim dividend The dividend paid before the end of the financial year on profits attributable to that year. (The company's current financial year ends on 30 June).
Marketable parcel The number of shares which have a value of at least $500, based on the share closing price on a trading day.
NIGL NRMA Insurance Group Limited. Now called Insurance Australia Group Limited ABN 60 090 739 923.
Record date The date on which the company closes its register for the determination of eligible shareholders and shareholder details.
Registrar Computershare Investor Services Pty Limited ABN 48 078 279 277.
Shareholder A holder of either ordinary or preference shares in IAG.
Shares Issued shares in Insurance Australia Group Limited.
SRN Securityholder Reference Number. Allocated to shareholders not sponsored by a broker.
Trading day Is as defined in the ASX business rules.