News: IAG Insurance Australia Group Announces A Final Dividend Of 5 AU Cents Per Share

Aug 12 (Reuters) - Insurance Australia Group Ltd (IAG) :

• ANNOUNCES A FINAL DIVIDEND OF 5.0 AU CENTS PER SHARE
• FY NET PROFIT ATTRIBUTABLE A$347 MILLION VERSUS LOSS OF A$427 MILLION
• FY REVENUE FROM ORDINARY ACTIVITIES A$18,347 MILLION VERSUS A$18,895 MILLION
• FY GWP OF A$13,317 MILLION
• SEES FY23 REPORTED INSURANCE MARGIN GUIDANCE OF 14% TO 16%
• FY UNDERLYING INSURANCE MARGIN 14.6%
• SEES FY23 GWP OF 'MID-TO-HIGH SINGLE DIGIT' GROWTH
• SEES FY23 INCREASE IN NATURAL PERIL ALLOWANCE TO A$909 MILLION
• MODEST VOLUME GROWTH AND AN INCREASE IN CUSTOMER NUMBERS ARE EXPECTED IN FY23
• AT GROUP LEVEL, NET COVID-19 CLAIMS BENEFITS WERE APPROXIMATELY A$80 MILLION IN FY22
• NET NATURAL PERILS CLAIM COSTS IN FY22 WERE A$1,119 MILLION