Ann: Dividend/Distribution - IAGPD, page-4

Well not a pretty picture, it appears they would have made a loss if not for the India sale and the NZ operations.

Commentary from the fund managers include;

IAG's revenue was on the weaker side and cautioned there would be further challenges for the business to come, including the outcome of the test case (COVID exclusions).

"They didn't give any '21 guidance but they have talked to some of the headwinds that will impact the business, including higher reinsurance costs. It sounds like there is still quite a bit of challenge moving forward."

So if the funds aren't motivated to buy I would be holding off as well, having said this I think the stock has hit its base (or close enough) so the price will ride the general performance of the ASX. I wouldn't expect any major improvement in price until Harmer leaves and the new CEO takes over.