IAG's NZ premium growth and margins outpace Australia

Thu, 07 Feb 2019

By Jenny Ruth Feb. 7 (BusinessDesk) - Australian insurance giant IAG’s premium growth from its New Zealand operations was nearly twice as brisk as in its home market in the six months ended December, although down 42 percent from a year earlier. IAG, which claims about 45 percent of New Zealand’s insurance market through brands including AMI, State and Lumley, reported 5.5 percent growth in New Zealand premiums in the latest six months, down from the 9.5 percent growth in the year-earlier six months in New Zealand dollars. A slight for...

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