News: IAG Insurance Australia Group Posts H1 Net Profit Attributable At $500 Million Versus $551...

Feb 6 (Reuters) - Insurance Australia Group Ltd (IAG) :

• H1 NET PROFIT ATTRIBUTABLE $500 MILLION VERSUS $551 MILLION
• H1 REVENUE FROM ORDINARY ACTIVITIES $8,581 MILLION VERSUS $8,041 MILLION
• DECLARES INTERIM DIVIDEND OF 12.0 CENTS PER SHARE
• H1 GWP OF $5,881 MILLION, UP 4.1%
• IN H1, ABOUT $15 MILLION INCREASE IN REGULATORY AND COMPLIANCE COSTS VERSUS PRIOR CORRESPONDING H1, INCLUDING THOSE STEMMING FROM ROYAL COMMISSION
• GWP GROWTH GUIDANCE FOR CURRENT FINANCIAL YEAR HAS BEEN MAINTAINED AT 2-4%
• ONGOING GROWTH EXPECTED IN H2, BUT AT SLIGHTLY MORE SUBDUED PACE THAN IN CURRENT HALF YEAR

Source text (http//reut.rs/2UH0Pi3)

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