Insurance Australia Group Limited (AU:IAG) has released an update.
Insurance Australia Group Limited (IAG) has reported a robust financial performance for FY24, with a 7.9% increase in net profit after tax to $898 million. The growth was driven by an 11% rise in net earned premiums and a significant 79.1% increase in insurance profits. Despite global challenges, IAG shows strong customer retention and has declared a substantial increase in dividends, underscoring its operational improvements and commitment to support customers during tough times.
For further insights into AU:IAG stock, check out TipRanks’ Stock Analysis page.
