2314 GMT [Dow Jones]--Insurance Australia Group's share price should trade flat to higher when the ASX opens, says Citi. It points to a better-than-expected FY 2025 earnings result. Looking ahead, IAG signals a reported insurance margin of 14-16% in FY 2026. It suggests this guidance implies an insurance profit of A$1.45 billion to A$1.65 billion. "FY 2026 guidance, while difficult to interpret totally given the inclusion or exclusion of acquisitions, looks at least as good as consensus if not a bit better, albeit implying relatively low underlying gross written premium growth," analyst Nigel Pittaway says. IAG ended Tuesday at A$8.50. (david.winning@wsj.com)
(END) Dow Jones Newswires
August 12, 2025 19:16 ET (23:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.