IAG reaffirms FY guidance

Insurer sees gross written premium growth of between 3-5% in full year.

Insurance Australia Group has reaffirmed its full-year guidance of gross written premium (GWP) growth of between 3 and 5 per cent, while Australia Direct GWP growth is expected to be relatively flat.

Despite the forecast, Australia Direct is expected to improve its underlying margin in the full year, as compared to the previous corresponding period.

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