Lower margin of 6.6% in the UK due to bodily injury claims

Insurance Australia Group (IAG) reported half-year results saying “In the UK, GWP grew in local currency, with growth focused on profitable specialist insurance classes. A lower margin of 6.6% reflected reserve strengthening for prior year bodily injury claims and weaker investment returns, both of which have been felt across the UK industry.

UK financial highlights A$m (H1 2009 in brackets)

  • Gross written premium (389) 406
  • Gross earned premium (404) 379
  • Net earned premium (382) 361
  • Underwriting profit/(loss) (24) 17
  • Insurance profit/(loss) (77) 24
  • Combined ratio (93.8%) 95.3%

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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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