IAG, which owns NRMA insurance reported these sets of figures in the latest half:
Note that cash earnings are up 86%, dividends up 67%. IAG share price itself is up nearly 40% from $4.50 to $6.20, over the past year.
By contrast, WOW is down 11% for the year, dividends more or less flat. For those who think Woolies is price gouging, seems like they should take a look at the insurance industry first. There are so many businesses, not just the insurance industry, where profits are going gangbusters due to price increases, where the share prices are rocketing (e.g. building materials industry). But because supermarkets are one of the few industres where people buy from weekly, and so are reminded of prices all the time, the other industries get a free pass.
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