Brisbane hailstorm hurts IAG's first half profits
Catastrophes and reduced reserved releases contributed to IAG's 9.8% fall in profits in the first half of its financial year through 31 December.
The insurer's shares declined over 5% on the news as it said growth prospects were on the lower side of expectations.
Overall the insurer's after tax profit declined to A$579m (£295m) from A$642m in
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