Insurance Australia Group Ltd IAUGF reported a 17.2% drop in its net profit for fiscal 2012.
Insurance Australia's net profit for the period declined to A$207 million, from A$250 million, in the year-ago period.
IAG's insurance profit climbed 26% to A$832 million in the same period. IAG also declared a full-year dividend of 17 cents per share, versus 16 cents per share in the previous year.
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