IAG have reported 2014 headline results ahead of consensus expectations in another good result for general insurers

IAG have reported 2014 headline results ahead of consensus expectations in another good result for general insurers. IAG has reported NPAT $1,233m against consensus expectations of $1,176m. Cash EPS od 56cps were slightly ahead of consensus expectations for 55cps and the Company has announced a dividend of 26cps ahead of the 23cps expected by the market. IAG's insurance margins came in at 18.3% which is at the top end of their guidance. CEO Mike WIlkins said, This has been a significant year for IAG. We have delivered a strong financial result, maintained the strength of our capitalposition and completed the acquisition of the Wesfarmers insurance underwriting business. The improvement in our underlying performance has continued and demonstrates the value of pursuing a disciplined and consistent strategy over a number of years. Read the full release here: (VIEW LINK)


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