June 28 (Reuters) - Insurance Australia Group (IAG) said on Friday that it has purchased reinsurance protection from Berkshire Hathaway BRKa.N and Canada Life Reinsurance to mitigate natural perils volatility for the next five years.
The insurance giant also confirmed it is on track to achieve FY24 reported insurance profit and margin around the upper end of its outlook ranges.
News: IAG Insurance Australia Group enters reinsurance agreements to improve financial stability
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Last
$7.25 |
Change
0.020(0.28%) |
Mkt cap ! $17.18B | |||
| Open | High | Low | Value | Volume |
| $7.29 | $7.34 | $7.22 | $21.19M | 2.921M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1068 | $7.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.26 | 304 | 2 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| IAG (ASX) Chart |