IAG) share price withstand a billion dollar hit? // The Motley Fool Australia

It hasn’t been a great twelve months for the Insurance Australia Group Ltd (ASX: IAG) share price. Since January 2020, IAG has taken a roughly 36% dive from around $7.50 a share to where it opened today at $4.78.

Yesterday, we talked about how the IAG share price was creeping up. At the same time, the Australian Financial Review (AFR) reported that “Insurance Australia Group will take a $1.15 billion hit to earnings in its half-year results in February.”

So what’s been going on with IAG, and what are analysts saying about the IAG share price in advance of the February earnings season?

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