Insurance Australia Group Limited
(ASX:IAG) has reported an interim profit drop and flagged lower gross written premium growth over the full year.
The insurance company’s net profit slipped almost 10 per cent to $579 million in the first half of the 2015 financial year.
Looking ahead IAG expects its full-year gross written premium growth to sit at the lower end of its previous guidance range of 17 to 20 per cent.
Managing Director and CEO Mike Wilkins says IAG’s underlying performance remained strong and the company is on track to deliver another solid full year performance.
A fully franked interim dividend of 13 cents per share has been declared, inline with the year before.
