Business Insurance

Login  |  Register Subscribe

cbVid =

Insurance Australia Group's annual net profit up 59%

August 19, 2014 - 6:25am

Insurance Australia Group Ltd. registered a 59% jump in net profit to $1.23 billion Australian ($1.16 billion) for the year ended June 2014, Radio New Zealand reported.

IAG's gross written premium in New Zealand increased nearly 4%.

The insurer expects 17% to 20% growth in premiums this year, majorly reflecting the acquisition of the Wesfarmers insurance business.

Read more


Get our daily Global Focus newsletter

Related Articles and Documents

QBE to raise $1.5B after U.S. storms lash profit

You may also want to visit

International Content