News: IAG Insurance Australia Group Posts FY Net Loss Attribuatble A$427 Mln

Aug 11 (Reuters) - Insurance Australia Group Ltd (IAG) :

• FY NET LOSS ATTRIBUATBLE A$427 MILLION VERSUS PROFIT OF A$435 MILLION
• FY REVENUE FROM ORDINARY ACTIVITIES A$18,895 MILLION VERSUS A$18,576 MILLION
• REINTRODUCING GUIDANCE GIVEN SOUND UNDERLYING FINANCIAL PERFORMANCE IN CURRENT FY
• FY TOTAL GWP OF A$ 12,545 MILLION
• 2022 FY GUIDANCE ALIGNS TO CO'S GOAL TO ACHIEVE A 15% TO 17% INSURANCE MARGIN OVER MEDIUM TERM
• FY REPORTED INSURANCE MARGIN OF 13.5 %
• GIVES GUIDANCE FOR ‘LOW SINGLE-DIGIT’ GROWTH IN 2022 FINANCIAL YEAR
• GUIDANCE FOR 2022 FOR REPORTED INSURANCE MARGIN GUIDANCE OF 13.5% TO 15.5%
• DECLARES FINAL DIVIDEND OF 13.0 AU CENTS PER SHARE WITH NO FRANKING