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Insurance Australia Group forecasts lower double-digit growth in gross written premiums

(Reuters) -Insurance Australia Group (IAG) said on Monday its cash earnings for fiscal 2023 more than doubled, buoyed by a rise in premiums in Australia and New Zealand but missed market expectations, sending its shares down 1.2% in early trade. The country's top general insurer posted cash earnings of A$452 million ($290.00 million) for the year ended June 30, up from A$213 million a year ago but missing analysts' average estimate of A$656.7 million, according to Refinitiv Eikon data...
Lisa Shumaker Archishma Iyer Paul Simao Nausheen Thusoo Mark Porter Insurance Australia Group On
Source: yahoo.com

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BBCNEWS BBC News at One June 4, 2024 12:17:00

I mean, back in pre october 2019, someone on uc could lose 40% of their money to pay debts, and it almost felt like the dwp were becoming the countrys biggest debt collection agency. in a statement, the department for work and pensions said the scheme strikes a fair balance between protecting people from the serious consequences of not dealing with uncontested debts for essential services, and making sure outstanding bills are paid. safeguards are in place to allow claimants to dispute deduction...
Department For Work And Pensions Debt Collection Agency October 2019 Essential Services Bbc News Phil Mackie

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