Going to be interesting to read commentary on these results and see what number the market doesn't like? Although div is poor IMO it is what was approx expected for interim in some models valuation
Is it the reduced margin going forward but having a greater base of premium that has scared market? Is it current risk of disasters but I though underwriting recently covered that going forward to better than previous at similar rates? Taking on QLD RACQ going forward and it should be underwritten sufficiently so current weather and claims not exceeding underwriting?
Very sudden sell down and no statements from company. 12% is massive dump
Wait and see what commentators say was the reason for risk off on insurance?
IAG Price at posting:
$7.84 Sentiment: None Disclosure: Held
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