Insurance Australia Group

Insurance Australia Group’s (IAG) share price has increased 12% since the prices in the recommendation guide were increased in IAG: Result 2012 from 23 Aug 12 (Hold – $3.92). After the insurance industry’s record year of claims in 2011, IAG is bouncing back with higher premiums and profits expected in 2013. Mr Market has bid up the company’s share price accordingly and rubber-stamped the company’s Asian expansion which we view more cautiously. Offloading all or a major part of the poor performing UK division at a decent price would be icing on the cake. For shareholders the right course of...

Insurance Australia Group’s (IAG) share price has increased 12% since the prices in the recommendation guide were increased in IAG: Result 2012 from 23 Aug 12 (Hold – $3.92). After the insurance industry’s record year of claims in 2011, IAG is bouncing back with higher premiums and profits expected in 2013. Mr Market has bid up the company’s share price accordingly and rubber-stamped the company’s Asian expansion which we view more cautiously. Offloading all or a major part of the poor performing UK division at a decent price would be icing on the cake.

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