Business
Insurance Australia Group: Profits halved due to bushfires, COVID-19 – NEWS.com.au
Insurance Australia Group says bushfires and COVID-19 have dented profits by more than half
Insurance Australia Groups profits have more than halved with catastrophic natural disaster events and the onset of COVID-19 denting the companys 2020 financial year performance. At June 30, the country’s largest general insurance underwriter posted a net profit of $435 million, a 59.6 per cent fall compared with 2019’s full-year result of $1.1 billion.
IAG noted the hit to its profits was a result of significant events in the second half of the financial year, including the financial impacts c…
-
General19 hours agoYoung boy flown to Brisbane hospital after K’gari dingo attack
-
General16 hours agoBritish and US planes fly 12-hour mission to patrol Russian border
-
Noosa News20 hours agoWarm weather could make way for rain with ‘damaging winds, large hail’
-
General4 hours agoByford rail extension opening marks final stage of Perth Metronet