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Australian insurer IAG now expects its FY20 reported insurance margin will be in the range of 14.5-16.5 percent, compared to previous guidance of 16-18 percent. This is according to an update to its FY20 reported margin guidance, based on expected results for the six months ended 31 December 2019 and on a revised view of full year net natural peril claim costs in the wake of the recent hailstorm event.
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IAG, Peter Harmer, report, results, FY20 forecast, wildfire, insurance, reinsurance, Australia
