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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