IAG warns on 2017-18 claims inflation as Covid release eases reserves hit

Australian insurer IAG expects to swing to net profit after tax of A$347mn ($234mn) when it publishes its audited financial year 2022 results next month as a A$200mn release from its Covid-19 business interruption (BI) provision offset a A$172mn prior period reserve charge.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@wbmediagroup.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com