Insurance Australia Group posts 21% drop in first-half cash earnings

Reuters

02/12

<a href="https://laohu8.com/S/IAUGF">Insurance Australia</a> Group posts 21% drop in first-half cash earnings

Feb 12 (Reuters) - Insurance Australia Group IAG.AX on Thursday reported a 21% drop in its first-half cash earnings, hurt by higher claims expense and lower investment income, and announced a share buy-back of up to A$200 million.

Australia's top general insurer reported cash earnings of A$507 million ($361.29 million) for the six months ended December 31, down from last year's A$640 million, although it beat the Visible Alpha consensus estimate of A$464.7 million.

($1 = 1.4033 Australian dollars)

(Reporting by Sameer Manekar and Sneha Kumar in Bengaluru; Editing by Vijay Kishore)

((Sameer.Manekar@thomsonreuters.com;Sneha.Kumar@thomsonreuters.com;))

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Editing by Vijay Kishore)</p><p> ((Sameer.Manekar@thomsonreuters.com;Sneha.Kumar@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IAG.AU","symbol_name":"INSURANCE AUSTRALIA GROUP","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260211:nL4N3Z723D:1","article_id":"2610462965","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610462965","pubTimestamp":1770843640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Insurance Australia Group posts 21% drop in first-half cash earningsFeb 12  - Insurance Australia Group IAG.AX on Thursday reported a 21% drop in its first-half cash earnings, hurt by higher claims expense and lower investment income, and announced a share buy-back of up to A$200 million.Australia's top general insurer reported cash earnings of A$507 million  for the six months ended December 31, down from last year's A$640 million, although it beat the Visible Alpha consensus estimate of A$464.7 million.  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