IAG swings back into profits despite natural perils costs rising by 135%
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IAG swings back into profits despite natural perils costs rising by 135%

Martha Muir
11 February 2022
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IAG was hit with natural perils costs of A$681mn ($489mn) in the first half of its fiscal year from July to December 2021, coming nearly A$300mn above its net allowance for the period.

The bulk of costs came from thunderstorms in Australia in October 2021, as well as thunderstorms in Queensland and New South Wales.

This

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Topics

IAGResultsNews
MM
Martha Muir
Reporter
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