IAG: Result 2015

Severe weather took a bite out of IAG's profits, but a new deal with Berkshire Hathaway is expect to improve margins.

A string of natural disasters in New Zealand and on Australia’s east coast earlier this year has caused Insurance Australia Group’s net profit to fall 41% to $728m. IAG, which owns brands such as NRMA and CGU, paid out more than $1bn in claims for storm damage.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles