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IAG Signals Fiscal Year 2021 Net Loss, Restarts Fiscal Year 2022 Guidance -- Update


By Alice Uribe
SYDNEY Insurance Australia Group Ltd. said it expects to report a 427 million Australian dollar (US$315.2 million) loss in the 2021 fiscal year, as it reintroduced guidance for the coming 12 months.
IAG said the forecast loss for the 12 months through June compares to a net profit of A$435 million in the previous year.
The Australian insurer on Friday also said a preliminary assessment of its cash earnings a measure tracked by analysts that excludes certain costs and one-time items for fiscal 2021 is A$747 million, up from A$279 million the previous year.
Our underlying financial results for the year are sound and within expectations, said Chief Executive Nick Hawkins. However, we have had challenges with issues that have been identified and provisioned for in our preliminary results. ....

New Zealand , Nick Hawkins , Peter Harmer , Alice Uribe , Australia Group Ltd , Insurance Australia Group , Chief Executive Nick , Direct Insurance Australia , Dow Jones , புதியது ஜீலாந்து , நிக் ஹாக்கின்ஸ் , பீட்டர் ஹார்மர் , ஆலிஸ் யுரீபீ , ஆஸ்திரேலியா குழு லிமிடெட் , காப்பீடு ஆஸ்திரேலியா குழு , தலைமை நிர்வாகி நிக் , நேரடி காப்பீடு ஆஸ்திரேலியா , டோ ஜோன்ஸ் ,

IAG Signals Fiscal Year 2021 Net Loss, Restarts Fiscal Year 2022 Guidance


Provided by
Dow Jones
By Alice Uribe
SYDNEY Insurance Australia Group Ltd. said it expects to report a 427 million Australian dollar (US$315.2 million) loss the 2021 fiscal year, as it reintroduced guidance for the coming 12 months.
IAG said the forecast loss for the 12 months through June compares to a net profit of A$435 million in the previous year.
The Australian insurer on Friday also said a preliminary assessment of its cash earnings for fiscal 2021 is A$747 million, up from A$279 million the previous year.
Our underlying financial results for the year are sound and within expectations, said Chief Executive Nick Hawkins. However, we have had challenges with issues that have been identified and provisioned for in our preliminary results. ....

Nick Hawkins , Alice Uribe , Dow Jones Company Inc , Australia Group Ltd , Insurance Australia Group , Chief Executive Nick , Direct Insurance Australia , Dow Jones , நிக் ஹாக்கின்ஸ் , ஆலிஸ் யுரீபீ , டோ ஜோன்ஸ் நிறுவனம் இன்க் , ஆஸ்திரேலியா குழு லிமிடெட் , காப்பீடு ஆஸ்திரேலியா குழு , தலைமை நிர்வாகி நிக் , நேரடி காப்பீடு ஆஸ்திரேலியா , டோ ஜோன்ஸ் ,

IAG CEO overhauls leadership to make business 'more resilient'


IAG CEO overhauls leadership to make business more resilient
10-03-2021
04-02-2019
Australian general insurer IAG has unveiled several key leadership changes, including a senior hire from Chubb, in a move its chief executive Nick Hawkins hopes will make the company s business model stronger and more resilient .
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New Zealand , Nick Hawkins , Amanda Whiting , Neil Morgan , Jarrod Hill , Craig Olsen , Group Executive Strategic , Direct Insurance Australia , Intermediated Insurance , Intermediated Insurance Australia , Chubb Insurance , Insurance Australia , Direct Insurance , Julie Batch , புதியது ஜீலாந்து , நிக் ஹாக்கின்ஸ் , அமண்டா வெள்ளை , நீல் மோர்கன் , ஜார்ரோட் மலை , கிரேக் ஓல்‌ஸெந் , குழு நிர்வாகி மூலோபாய , நேரடி காப்பீடு ஆஸ்திரேலியா , சப் காப்பீடு , காப்பீடு ஆஸ்திரேலியா , நேரடி காப்பீடு , ஜூலி தொகுதி ,