Insurance Australia Grp sees H1 net profit soar to US$294 mln
Thu, February 25 2010 20:57 | 444 Views
IAG's net profit for the six months ended December 31 was A$329 million (US$293.7 million), up from $4 million in the previous corresponding period. Its first half insurance profit increased to $488 million, from $227 million, representing an improved insurance margin of 13.4 per cent per cent, compared to 6.2 per cent previously.
IAG confirmed its guidance for the full year insurance margin, as chief executive Mike Wilkins said he expected a further and steady improvement in operating performance over the balance of 2009/10.
Source:
Business in Asia Today - Feb.25, 2010
published by Asia Pulse
Editor: Ricka
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