Insurance Australia Group (IAG) has more than tripled its annual profit and more than doubled its final dividend

CommSec

Insurance Australia Group (IAG) has more than tripled its annual profit and more than doubled its final dividend. Fewer natural disasters helped lift IAG's reported NPAT to $776M. A less volatile measure of performance, insurance earnings, increased by 69% to $1.4B. IAG has also delivered a solid FY14 guidance. Shareholders will receive an increased final dividend of 25 cents per share, to be paid on the 9th October. It brings total dividend payments for the year to 36cps, up from FY12's payments of 17cps. For more visit: (VIEW LINK)


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