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By Nausheen Thusoo
(Reuters) -Insurance Australia Group (IAG) said on Monday its cash earnings for fiscal 2023 more than doubled, buoyed by a rise in premiums in Australia and New Zealand but missed market expectations, sending its shares down 1.2% in early trade.
The country's top general insurer posted cash earnings of A$452 million ($290.00 million) for the year ended June 30, up from A$213 million a year ago but missing analysts' average estimate of A$656.7 million, according to Refinitiv ...
>>> Read more: Australia's IAG misses annual cash earnings estimates; shares slip
(Reuters) -Insurance Australia Group (IAG) said on Monday its cash earnings for fiscal 2023 more than doubled, buoyed by a rise in premiums in Australia and New Zealand but missed market expectations, sending its shares down 1.2% in early trade.
The country's top general insurer posted cash earnings of A$452 million ($290.00 million) for the year ended June 30, up from A$213 million a year ago but missing analysts' average estimate of A$656.7 million, according to Refinitiv ...
>>> Read more: Australia's IAG misses annual cash earnings estimates; shares slip
