IAG reports 6% rate increase in Australia and confirms potential Indian sale

Peter Harmer, IAG’s managing director and CEO

Insurance Australia Group (IAG) has reported a significantly improved net profit after tax of just over $1bn for full-year 2019 ending 30 June. This is up more than 16% over the prior year, partly driven by further price strengthening in its commercial insurance book, particularly in Australia. Commercial insurance prices written by IAG in Australia rose by 6% during the year…

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