IAG on profitable course

Τετάρτη, 25 Φεβρουαρίου 2015 13:12

IAG reported a sound operating performance in an increasingly competitive environment, posting an insurance profit of $693 million for the half year ended 31 December 2014, down from $758 million in 1H14. 

This equates to a reported insurance margin of 13.4% compared to 17.5% for 1H14.

IAG’s underlying margin performance remained strong at 13.3%.  This was a slight reduction on the 13.7% produced in 1H14, largely due to the first time inclusion of the former Wesfarmers business.

Gross written premium (GWP) increased by 17.1% to $5.6 billion in 1H15.  This increase was mainly attributable to the addition of the former Wesfarmers business.

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