IAG cuts premium growth forecast
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Insurance Australia Group (IAG) has upwardly revised its fiscal 2014 insurance margin guidance and reduced its forecast for premium growth.
In a statement to the Australian Securities Exchange, IAG said it has lifted its full-year insurance margin guidance to 14.5% to 16.5%, up from the previously advised 12.5% to 14.5%.
The insurer reduced its full-year gross written premium growth guidance to three per cent to 5%, compared with the previously advised 5% to 7%.
For the first half, the group expects gross written premium growth of 4%, or 6% after allowing for the end of the Victorian fire services levy.
IAG expects to report a first-half insurance margin of around 17.5% when it announces its results next month.
"We expect to record a strong first half underlying performance which builds on the improvement evident in prior periods," chief executive officer Mike Wilkins said.
"The reported result is also expected to benefit from higher than originally anticipated reserve releases."