Insurance Australia Group (ASX: IAG) is Australia’s largest insurance business, its direct heritage dates back to 1920. Its businesses underwrite over $11.4 billion of premium per annum, selling insurance under many brands, including NRMA Insurance, CGU, SGIO, SGIC, Swann Insurance and WFI (Australia); and NZI, State, AMI and Lumley Insurance (New Zealand).
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.09% at lunch.
Insurance Australia Group Ltd (ASX:IAG) released its 2018 report showing a 2.6% increase in revenue to $16.4 billion and a fully franked dividend.
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Wednesday morning.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.17% at lunch.
Insurance Australia Group Ltd (ASX:IAG) announced on Tuesday that it will sell its Thai, Indonesian and Vietnamese businesses and net a profit of at least $200 million.
This morning, AMP Limited (ASX: AMP) shareholders were dealt another blow with the announcement of the departure of Chairperson Catherine Brenner.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open lower Friday morning, according to the Sydney Futures Exchange.
Suncorp Group Ltd (ASX:SUN) shares slipped 3% today following the release of its half year report to the ASX.
CSL Limited (ASX:CSL) tried its best to inject some enthusiasm into Australia’s S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) on Wednesday.
