IAG: Result 2013

IAG has produced a cracking full year result that’s going to be hard to repeat.

Chief executive Mike Wilkins please stand up and take a bow. While IAG’s annual result was aided by some temporary factors and cyclical tailwinds, including higher premium prices in response to record losses from a string of expensive natural catastrophes across Australia and New Zealand, Wilkins strategy of getting back to basics since his inspired appointment in 2008 has paid off handsomely.

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