Australia’s largest general insurer, IAG, has released its financial results detailing statistics for the six months leading up to December 31, 2019. The insurer noted that financial indicators pointed to slight increases across the board, from insurance profit to underlying insurance margin. However, net profit dropped drastically.
Peter Harmer, IAG managing director and chief executive officer, unveiled the results at a press conference in Sydney yesterday. He believes the financials speak for themselves – that IAG continues to operate well across the board, in line with expectations, as well as attempting to respond to unexpected natural events.
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