IAG UK reports full year loss of $355m
Insurance Australia Group today announced its UK business had recorded a loss of $355m for the year ended 30 June 2010 (FY09 $113m), a margin of minus 65.5% (FY09 15.2%).
Overall as a group it recorded an insurance profit of $493m (FY09: $515m) for the year, representing an insurance margin of 7.0% (FY09: 7.1%).
It recorded gross written premium of $7.8bn (FY09: $7.8bn
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