IAG's full year profit declines 41%; Canterbury earthquake claims rise
Insurance Australia Group's after tax profits declined 41% for the full year to the end of June 2015 to A$728m (£338m) compared with A$1.23bn a year earlier.
IAG's managing director and CEO Mike Wilkins said there had been a "substantial increase in net natural peril claim costs, particularly in the second half."
IAG paid out A$1.05bn for natural
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@postonline.co.uk
Most read
- Movers and shakers who made Insurance Post’s Power List 2024 revealed
- Insurance’s wealthiest figures revealed
- Winslow continues Direct Line management overhaul