IAG: Result 2014

Insurance Australia Group’s (IAG) performance has been remarkable since the string of natural catastrophes in 2011. Chief executive Mike Wilkins has cut costs and disposed of the problematic UK businesses, revealing a first class insurance business enjoying a period of minimal claims and strong premium pricing that reflects its market position as one third of an oligopoly to rival that of the big four banks. The share price has responded in kind, increasing 132% since its low of $2.79 in November 2011.Year to 30 Jun20142013 /– (%)IAG 2014 resultRevenue ($m)9,7799,4983.0Insur. profit ($bn)1,5791,42810.6U'lying insur. margin (%)14.212.5n/aNet profit ($m)1,233776*59EPS ($)54508.0PER11.912.9n/aDPS ($)0.390.368.3Div. Yld (%)6.05.6n/aFranking...

Insurance Australia Group’s (IAG) performance has been remarkable since the string of natural catastrophes in 2011. Chief executive Mike Wilkins has cut costs and disposed of the problematic UK businesses, revealing a first class insurance business enjoying a period of minimal claims and strong premium pricing that reflects its market position as one third of an oligopoly to rival that of the big four banks. The share price has responded in kind, increasing 132% since its low of $2.79 in November 2011.

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