IAG Soars After RACQ Insurance Acquisition

IAG's shares surged after acquiring RACQ Insurance, leading to a boosted fiscal outlook for 2026. Gross written premiums are now projected to grow by ten percent, a significant jump from earlier predictions, and profits are expected to rise substantially. CEO Nick Hawkins cites better-than-expected performance from RACQ and smooth integration as key factors driving the positive revision, exciting investors and strengthening IAG's position in the Australian insurance market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.