Insurance Australia Group turned a profit in the first half of the 2022 financial year and is looking forward to a favourable operating environment over the next six months.
Australia's biggest insurer owns the national home and car insurance group NRMA and similar businesses in Victoria, South Australia and Western Australia.
IAG on Friday reported a net profit of $173 million for the half-year ended December, after a loss of $460 million in the previous corresponding period, on revenue of $9.2 billion.
