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General Business
4 mins to read

IAG profit plunges but New Zealand business holds up

New Zealand’s largest general insurer had to set aside millions in anticipation of Covid-19 business claims.

Insurance Australia Group’s interim after-tax loss has plunged to A$460 million, although it saw some growth in the New Zealand market.

IAG – which trades under the AMI, State, NZI, NAC, Lumley, and Lantern brands – is New Zealand’s largest general insurer.

Its ASX-listed Australian

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Calida Stuart-Menteath Wed, 10 Feb 2021
Contact the Writer: calida@nbr.co.nz
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IAG profit plunges but New Zealand business holds up
General Business,
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