Insurance Australia Group Ltd IAG
ASX · Australia · Finance
AUD 7.75-0.19 (-2.39%)
Market closed· · AUD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · AUD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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Investing.com-- Insurance Australia Group (ASX:IAG) said on Friday its unit Insurance Australia Ltd had agreed to settle proceedings brought by Credit Suisse entities over insurance policies linked to Greensill, ending a major part of the long-running litigation.
The push for an overseas takeover by the Berkshire Hathaway-backed Japanese insurer is part of a broader strategy under CEO Masahiro Koike to expand the group's footprint beyond its domestic market.
IAG delivers 7.6% premium growth to $18.4 billion, raises dividend 5%, and guides FY27 margin of 14.5%-16.5% despite elevated net peril costs and home claims inflation.
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