Insurers to weather revenue resistance

Original article by Ruth Liew
The Australian Financial Review – Page: 16 : 9-Feb-15

Jan van der Schalk of CLSA forecasts that Insurance Australia Group will post a 2014-15 interim cash net profit of $A591m. This compares with $A642m previously. Meanwhile, CLSA forecasts that QBE Insurance Group’s cash net profit for calendar 2014 will be $US933m ($A1.2bn). Australian insurers have benefited from cost-cutting and rising premiums in recent years

CORPORATES
INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG, QBE INSURANCE GROUP LIMITED – ASX QBE, CLSA AUSTRALIA PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, AMP LIMITED – ASX AMP, SUNCORP GROUP LIMITED – ASX SUN, WESFARMERS LIMITED – ASX WES, CITIGROUP PTY LTD

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