India, Feb. 12 -- Insurance Australia Group Ltd (IAUGY.PK,IAUGF.PK) reported that its profit attributable to shareholders of the parent for the half year period ended 31 December 2024 climbed to A$778 million or 31.31 cents per share from A$407 million or 16.21 cents per share in the same period last year.
The latest period result included a A$343 million increase in pre-tax insurance profit to A$957 million, driven by a 9.7% increase in net earned premium, an improvement in the underlying insurance margin, and perils experience of A$215 million below allowance. Additionally, there was a higher pre-tax investment income on shareholders' funds of A$217 million and a A$140 million post-tax release from the business interruption provision.
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