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AAP
AAP
Derek Rose

FORGOTTEN HISTORY: Iag announces 200m share buyback raises dividend | History Defined

IAG Nick Hawkins Insurance QBE
IAG reported a statutory net profit after tax of $407 million, down from $468 million a year ago. (Dean Lewins/AAP PHOTOS)

Insurance Australia Group has announced a $200 million share buyback and raised its dividend after its profit from insurance lifted 75 per cent to $614 million in the first half.

Gross written premiums rose 12.5 per cent to $7.9 billion in the six months to December 31, IAG said on Friday, reaffirming its 2023/24 guidance.

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