IAG Raises FY25 Profit Forecast with $1.1bn Natural Perils Bill Under Budget
Insurance Australia Group (IAG) has lifted its profit guidance for fiscal year 2025, surprising the market after it reported lower-than-expected costs from natural disasters. The company’s total bill for storms, floods, and other catastrophic events reached $1.1 billion, significantly below its allowance of $1.28 billion for the year. This positive update has renewed optimism around IAG, with shares jumping nearly 5% as investors cheered the stronger outlook.
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