Australian insurers to report mixed results: Analysts
Posted On: Feb. 8, 2016 12:00 AM CSTInsurance analysts expected Australian insurers to report mixed results in the upcoming reporting season, Sydney Morning Herald reported.
Insurance Australia Group Ltd. is expected to post net profit of 380 million dollars Australian ($269 million) for the half year to December 2015, said Nigel Pittaway, insurance analyst at Citigroup Inc.
Andrew Adams, insurance analyst at Credit Suisse Group A.G., expects Australian insurer Suncorp Group Ltd. to report lower-than-expected earnings for the half-year period.