July 23 (Reuters) - Insurance Australia Group Ltd (IAG) :
- EXPECTS ITS PRELIMINARY FY21 RESULTS WILL CONTAIN GROSS WRITTEN PREMIUM GROWTH OF 3.8%
- PRELIM FY21 NET EARNED PREMIUM A$7,473 MILLION, GROWTH OF 1.5% ON FY20
- IAG EXPECTS TO RECORD A PRE-TAX NET CORPORATE EXPENSE OF A$1,510 MILLION IN FY21
- PRELIM FY21 UNDERLYING INSURANCE MARGIN 14.7% (FY20: 16.0%), INCLUDING H2 RESULT OF 13.5%
- FY21 REPORTED NET LOSS OF A$427 MILLION VERSUS NET PROFIT OF A$435 MILLION
- SEES ‘LOW SINGLE-DIGIT’ GROWTH FOR GWP IN FY22
- SEES FY22 REPORTED INSURANCE MARGIN BETWEEN 13.5%–15.5%
- SEES INCREASE IN NATURAL PERILS ALLOWANCE TO A$765 MILLION IN FY22
- PRELIM FY21 REPORTED NET LOSS A$427 MILLION
- PRELIM FY21 CASH EARNINGS A$747 MILLION
July 23 (Reuters) - Insurance Australia Group Ltd (IAG) :...
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