![People are seen in Myeongdong, central Seoul, on April 29. [YONHAP]](https://images.traveltrade.today/wp-content/uploads/2026/05/Super-Golden-Week-Surge-in-Tourists-Forecast-Amid-Extended-Holiday.jpg)
Insurance Australia Group Ltd (IAG) recorded net profit after tax of A$778 million for the first half of the 2025 financial year, marking a 91% increase from A$407 million in the prior corresponding period.
The growth was primarily driven by a A$140 million post-tax release of the COVID Business Interruption provision, higher net earned premiums and an improved insurance profit.
Pre-tax insurance profit rose 56% to A$957 million (1H24: A$614 million), translating to a reported margin of…
