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Company News Summary

Insurance Australia Group Provides Investor Presentation on Business Interruption Judgment Response and Capital Raising

20 Nov 2020  |  09:48:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Investor Presentation

Insurance Australia Group reported that the Company is recognising an associated claims provision, $805m adverse impact on post-tax FY 2021 earning. It noted of $650m fully underwritten institutional Placement and a $100m non-underwritten Share Purchase Plan. Underlying margin is similar to 14.1% in 2H 2020.

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