Despite the solid results, markets were expecting more, leading to a slide in the share price.
IAG New Zealand chief executive Amanda Whiting.
IAG New Zealand contributed almost a quarter – 24.2%, or A$64 million [$68.37m] – of the increase to insurance profits at the ASX-listed general insurance giant, with the metric increasing from A$350m to A$614m in the half-year results.
Other key metrics also improved including: gross written
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