The news: Insurance Australia Group (IAG) reported large increases in insurance profit in the 2024 financial year, driven by a double-digit rise in gross written premium (GWP).The numbers: IAG posted insurance profit of $1.42 billion, up 79.1% compared to FY23, at the top end of its $1.2 billion to $1.45 billion guidance range. Net profit after tax grew 7.9% to $898 million as GWP rose 11.3% $16.4 billion. IAG’s reported insurance margin of 15.5% improved on 9.6% in FY23 and topped its…
Read More…
IAG reports 80% rise in insurance profit, hikes dividend — Capital Brief
