June 28 (Reuters) - Insurance Australia Group Ltd (IAG)
- IAG has raised its reported margin guidance range for fy17 from 10.5-12.5% to 13.5-15.5%
- Completed a preliminary review of prior period reserve releases for financial year ended 30 June 2017
- Preliminary review indicates an outcome equivalent to at least 5% of net earned premium
- "Other underlying assumptions behind IAG's FY17 reported margin guidance are unchanged"
- It remains IAG's long term expectation that reserve releases will represent around 1% of nep in any given year
News: IAG Insurance Australia Group raises reported margin guidance range for FY17
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