NET PROFIT UP 48PCT FOR INSURANCE AUSTRALIA GROUP.
Publication: AsiaPulse News
Publication Date: 24-FEB-05
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SYDNEY, Feb 24 Asia Pulse - The Insurance Australia Group Ltd (IAG) today reported net profit for the six months to December 2004 of $A446 million ($US350.24 million), 48 per cent higher than the previous corresponding period.
IAG today became the latest insurer to indicate that its margins could slip back as premiums begin to fall.
However IAG - which has brands such as NRMA and CGU - is currently still enjoying near perfect conditions in...
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