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Insurance Australia Group Limited (ASX:IAG) has reaffirmed its growth guidance of three to five per cent.
CEO Mike Wilkins said significant underlying improvement over the past three years means now is the time to build on an established solid platform.
In a statement to the Australian Securities Exchange (ASX), Insurance Australia Group said the collective insurance margin of its Australian and New Zealand businesses had increased from 5.5 per cent in the first half of the 2009 financial year to 17.8 per cent in the first half of this financial year.
In the second half of last year, Insurance Australia Group reported a profit of $205 million.
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