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
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