True but really if you think since July 2021 to today there has hardly been any major payouts. Small very minor on buildings for Vic earthquake, BI Insurance claim won, yesterday storm wasn't as nuclear on the other hand no floods, bush fires, building collapses, any travel reduced therefore less accidents. If they can't do well in this environment they pretty much never will.
I agree the amount saved is in hundreds of millions and if ASIC is suing for $60M it will be lucky to get $10M (let's say $30M drop in the ocean).
IAG Price at posting:
$5.08 Sentiment: Buy Disclosure: Held
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