Business Insurance

Login  |  Register Subscribe


cbVid =

Insurance Australia Group net profit up 39%

February 21, 2014 - 6:00am


Insurance Australia Group Ltd. registered a 39% increase in net profit to $642 million Australian ($572 million) for the six months ended Dec. 31, 2013, The Sydney Morning Herald reported.

The insurer reported a 4% increase in revenue to AUD 4.8 billion. The insurer's chief executive, Mike Wilkins, said "our underlying margin has more than doubled since the 2009 financial year."

Read more

 



You may also want to visit

International Content