IAG 0.63% $6.44 insurance australia group limited

News: IAG Insurance Australia Group Sees FY24 GWP Growth Of ‘Low Double Digits’

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    Feb 16 (Reuters) - Insurance Australia Group Ltd (IAG) :

    • INSURANCE AUSTRALIA GROUP SEES FY24 GWP GROWTH OF ‘LOW DOUBLE DIGITS’
    • INSURANCE AUSTRALIA GROUP SEES FY24 REPORTED INSURANCE MARGIN OF 13.5% TO 15.5%
    • INSURANCE AUSTRALIA GROUP SEES IIA INSURANCE PROFIT OF AT LEAST A$250M IN FY24
    • FY23 GROSS WRITTEN PREMIUM A$14,729 MILLION
    • FY23 NET EARNED PREMIUM A$8,326 MILLION
    • FY24 GUIDANCE ALIGNS TO IAG’S ASPIRATIONAL GOALS TO DELIVER 15% INSURANCE MARGIN, REPORTED RETURN ON EQUITY 13% TO 14%
    • FY24 GUIDANCE ALIGNS TO IAG’S ASPIRATIONAL GOALS TO DELIVER A 15% INSURANCE MARGIN
    • CONTINUE TO SEE NATURAL PERILS IMPACTING OUR COMMUNITIES
    • ON TRACK TO DELIVER FY24 GUIDANCEWE OUTLINED AT BEGINNING OF FY
    • FY24 GUIDANCE ALIGNS TO GOALS TO DELIVER REPORTED RETURN ON EQUITY (ROE)OF 13% TO 14% ON A ‘THROUGH THE CYCLE’ BASIS
    • INSURANCE AUSTRALIA GROUP LTD SEES FY24 PERILS ALLOWANCE OF UP TO A$1,098M
    • INSURANCE AUSTRALIA GROUP LTD SEES STRONG INVESTMENT INCOME IN FY24
    • WE’VE ANNOUNCED AN ON-MARKET SHARE BUYBACKOF UP TO A$200M
 
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