February 13, 2018 / 9:30 PM / in 5 months

BRIEF-Insurance Australia Group Posts HY Net Profit Attributable Of $551 Mln

Reuters Staff

1 Min Read

Feb 14 (Reuters) - Insurance Australia Group Ltd:

* ‍GWP GUIDANCE FOR CURRENT FINANCIAL YEAR OF ‘LOW SINGLE DIGIT GROWTH’ REMAINS UNCHANGED

* HY REVENUE FROM ORDINARY ACTIVITIES $‍8,272 MILLION VERSUS $8,179 MILLION A YEAR AGO

* HY NET PROFIT ATTRIBUTABLE TO IAG SHAREHOLDERS UP 23.5 % TO$551 MILLION

* ‍GROUP INCREASED ITS REPORTED MARGIN GUIDANCE FOR YEAR ENDED 30 JUNE 2018 FROM 12.5-14.5% TO 13.75-15.75%

* HY TOTAL GWP OF $5,834 MILLION REPRESENTED A 0.6% INCREASE COMPARED TO CORRESPONDING HALF YEAR Source text for Eikon: Further company coverage:

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