IAG cuts premium growth forecast

Insurer upwardly revises insurance margin guidance, warns investors of lower gross written premium growth.

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%.


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