Original article by Ruth Liew
The Australian Financial Review – Page: 17 : 25-Jul-14
Insurance Australia Group (IAG) has upgraded its full-year profit margin forecast for 2013-14 to between 18 per cent and 18.3 per cent, from the previously announced range of 14.5 per cent to 16.5 per cent. The new estimate takes the group’s profit margin to its highest levels since the company listed on the sharemarket in 2000. CEO Mike Wilkins said IAG benefited from warm weather and a lack of claims
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