InsuranceAustralia Group Ltd. completed its offer and will repurchase63,860,311 shares amounting to A$313.6 million.

The company said Oct. 10 that the shares represent about2.6% of its ordinary issued capital. The company will buy back the shares atA$4.91 per share.

As of Oct. 7, US$1 wasequivalent to A$1.32.