Revenue: Gross written premiums were up 12.5% to A$7.9 billion.
Net profit: After tax was A$407m, down from A$468m.
Key takeaway: Despite solid results it was below market expectations, leading to a 3% fall in share price.
IAG New Zealand contributed almost a quarter – 24.2%, or A$64 million [$68.37m] – of the increase to insurance profits at the ASX-listed general insurance giant, with the metric increasing from A$350m to A$614m in the half-year results.
Other key metrics also improved including: gross written
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