Half-year Gross Written Premium ($m) 5962.0 , up 1.4%
Pre-tax profit ($m) 372.0 , down -20.9%
Net profit ($m) 283.0 , down -43.4%
Interim dividend (c) 10.0 , down -16.7%
Date dividend payable March 25
Insurance Australia Group chief executive Peter Harmer says premiums will have to rise as an "exceptionally harsh" summer of bushfires, hailstorms and heavy rain forces the insurer to reprice catastrophe risk.
The $16 billion general insurer slashed its 2020 full year guidance for the second time in three weeks on Wednesday, after the string of disasters sent its claims costs soaring by more than $200 million.
