Insurance News - Insurance Australia Profit Falls 13% on Lower Sales (Update2) (Bloomberg.com)
Insurance Australia Profit Falls 13% on Lower Sales (Update2) (Bloomberg.com)
Aug. 25 (Bloomberg) -- Insurance Australia Group Ltd., the nation's largest auto and home insurer, said second-half profit fell 13 percent after increased competition cut policy prices and a cyclone caused A$165 million ($126 million) of losses.