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).
Insurance Australia Group Ltd (ASX:IAG) shares rose after it released its half-year results for the first half of FY19 showing net profit after tax down 9% to $500 million, compared to $551 million in the corresponding period.
The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.47% on Tuesday.
The share prices of CBA (ASX:CBA), NAB (ASX:NAB), ANZ (ASX:ANZ) and Westpac (ASX:WBC) are all up this morning.
There are several reasons to consider Insurance Australia Group Ltd (ASX:IAG) for your watchlist.
The Insurance Australia Group Ltd (ASX:IAG) share price has fallen by 3.6% in response to the $169 million damage caused by the Sydney hailstorm.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.33% at lunch.
Coming to you live from Melbourne here are today’s headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles.
Medibank Private Ltd (ASX:MPL) recently reported a turnaround in its market share and posted a 7.7% rise in its full-year operating profit.
The Insurance Australia Group Ltd (ASX:IAG) share price tumbled 6% on Wednesday after the insurer released its 2018 financial results.
