IAG announces FY10 result and confirms improved outlook for FY11

Insurance Australia Group Limited (IAG) today announced an insurance profit of $493 million (FY09: $515m) for the year ended 30 June 2010, representing an insurance margin of 7.0% (FY09: 7.1%). These results are in line with the expectations announced on 27 July 2010. A final dividend of 4.5 cents per share (cps), fully franked, has been determined, bringing the full year dividend to 13cps, a 30% increase on last year (FY09: 10cps).

Read more . . . (84kb .pdf)

Find out more about the IAG FY10 financial results.