Thu 09 Sep 2010 9:45
Stocks in Brief | Update

Insurance Australia Group Limited

7 Mar 03 | Issue 122

We haven't had a positive recommendation on this general insurance giant since it listed two and a half years ago. And nothing we saw in the company's recent half-year report changed that. A $62m net profit for the six months to 31 December 2002 is pitiful when you compare it to the $4bn-odd shareholders have invested in the company. The interim dividend was steady at 4.5 cents fully-franked (ex-date 5 March) and we continue to recommend you SELL and SWITCH to Suncorp.

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IAG | IAG
UPDATE
Price at review: $2.91
Most recent price: $3.56
Change since review: +22.34%