IAG insurance australia group limited
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News: IAG Insurance Australia Group full-year cash earnings more than doubles, misses estimates

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    21/08/23
    08:00
    Post #: 69446545

    Aug 21 (Reuters) - Insurance Australia Group (IAG) on Monday reported a sharp jump in its annual cash earnings as higher income from premiums in Australia and New Zealand helped offset higher claims costs.

    Australia's top general insurer posted cash earnings of A$452 million ($289.42 million) for the 12 months ended June, up from A$213 million posted a year ago.

    It missed analysts' estimate of A$656.7 million, according to Refinitiv Eikon. ($1 = 1.5618 Australian dollars)

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