IAG insurance australia group limited

News: IAG Insurance Australia Group's full-year profit doubles

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    Aug 21 (Reuters) - Insurance Australia Group (IAG) said on Wednesday its annual cash earnings had doubled, thanks to healthy premiums growth in key markets of Australia and New Zealand and higher investment income.

    The country's top general insurer posted cash earnings of A$905 million ($610.42 million) for the 12 months ended June 30, compared with A$452 million in the prior year.

    That compares with the Visible Alpha consensus estimate of A$954 million.

    ($1 = 1.4826 Australian dollars)

 
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