Why are analysts so upbeat on IAG?
Liam WalshReporter
Key Points
- IAG recently downgraded margin outlooks for 1H this year.
- Older claims had crept up, helping pressure margins.
- Many analysts remain bullish on sector and IAG.
The barbs in the analyst assessments didn’t miss insurance giant IAG.
The insurer, behind brands such as NRMA and CGU, had just told its annual general meeting earlier this month that some older claims were causing trouble.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
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