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Insurance Australia Group’s Limited (ASX:IAG) full year net profit has soared to $776 million, up from $207 million last year.
In the year to June 30, IAG generated insurance profit of over $1.4 billion, a significant increase on the $845 million achieved last year.
IAG Managing Director Mike Wilkins says the full year result reflects further improvement in the group’s underlying business performance.
The insurance company offered a positive outlook for the year ahead, forecasting GWP growth of 5 to 7 per cent and an insurance margin in the range of 12.5 to 14.5 per cent.
IAG will pay a fully franked final dividend of 25 cents per share, taking the full-year payout to 36 cents per share.
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Last
$8.63 |
Change
-0.040(0.46%) |
Mkt cap ! $20.37B | |||
| Open | High | Low | Value | Volume |
| $8.65 | $8.69 | $8.60 | $1.176M | 136.3K |
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| Last trade - 10.53am 16/09/2025 (20 minute delay) ? |
| IAG (ASX) Chart |