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BRIEF-Insurance Australia Group Says FY20 Guidance Unchanged

Published 30/03/2020, 08:44 am
© Reuters.
IAG
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ICAG
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March 30 (Reuters) - Insurance Australia Group Ltd IAG.AX :

* GUIDANCE UNCHANGED FOR FINANCIAL YEAR ENDED 30 JUNE

* IAG (LON:ICAG) WILL BOOK A NET PROFIT ON SALE OF ABOUT $310 MILLION IN SECOND HALF OF FY20

* IAG RETAINS A STRONG CAPITAL POSITION

* COMPLETED SALE OF 26% INTEREST IN SBI GENERAL IN INDIA

* EMPLOYING UP TO AN ADDITIONAL 400 PEOPLE IN CUSTOMER-FACING PARTS OF BUSINESS

* EMPLOYING UP TO ADDITIONAL 400 PEOPLE IN CUSTOMER-FACING PARTS OF BUSINESS

* SINCE 31 DEC, INCURRED UNREALISED LOSS OF ABOUT $100 MILLION PRE-TAX, PREDOMINANTLY IN MARCH

* AS AT 27 MARCH, IAG'S CET1 RATIO ESTIMATED TO BE AT TOP END OF ITS TARGETED RANGE, OF 0.9 TO 1.1

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