Insurance Australia Group (ASX:IAG) said in its response to the ASX Aware Letter, received on Feb. 20, that it does not consider any measure of its statutory or underlying earnings for the half year ended Dec. 31, 2024, materially different from market expectations, according to a Monday filing with the Australian bourse.

The company's fiscal H1 results aligned with fiscal 2025 market guidance, with a reported insurance profit of AU$957 million exceeding the expected first half contribution to the full-year AU$1.4 billion to AU$1.6 billion guidance, the filing said.

Additionally, the insurance margin of 19.4% was above the guidance of 13.5% to 15.5%, and the gross written premium growth was 6%, consistent with the "mid-to-high single digit" guidance the company provided, per the filing.