0010 GMT - Insurance Australia Group's reported insurance margin should beat the 13.5%-15.5% guidance range, reckons Citi. "Despite an apparent overrun in January/February, IAG's 2H weather allowance still looks robust," analyst Nigel Pittaway says. IAG's guidance assumes all of its A$1.28 billion natural perils costs will be utilized. Citi, however, thinks it will benefit from A$65 million of favorable weather variance across FY 2025. Citi, which has a buy call on IAG, expects a reported insurance margin of 16.1%. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 13, 2025 19:10 ET (00:10 GMT)
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