IAG says the pressure on home and car premiums is easing after double-digit price jumps in previous years, as the insurance giant told investors that earnings were likely to come in at the top of forecasts.

Price rises were now in the high single-digit percentage range, said IAG, which is behind brands including NRMA home insurance and Coles car cover. “We are definitely seeing pricing relief for customers going forward,” the company’s chief executive, Nick Hawkins, said.