IAG expects FY20 reported insurance margin will be in the range of 14.5-16.5 percent

24-01-2020

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.


IAG, Peter Harmer, report, results, FY20 forecast, wildfire, insurance, reinsurance, Australia

Intelligent Insurer