Allianz Pricing Growth Positive Cross-Read for IAG, Suncorp -- Market Talk

Dow Jones05-16

2330 GMT - With no regulator data issued since the June 2023 quarter, Morgan Stanley analysts say Allianz's Australian result is a useful cross-read for Australian insurers and brokers, especially for IAG and Suncorp. In a note, MS says Australian pricing accelerated with Allianz Australia reporting growing pricing in the March quarter versus the December and September quarters. "This is supportive for IAG and Suncorp's margins, as AA's book is skewed to motor, home and SME," says MS, noting that industry feedback is that AA increased pricing later than other Australian insurers. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

May 15, 2024 19:30 ET (23:30 GMT)

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In a note, MS says Australian pricing accelerated with Allianz Australia reporting growing pricing in the March quarter versus the December and September quarters. \"This is supportive for IAG and Suncorp's margins, as AA's book is skewed to motor, home and SME,\" says MS, noting that industry feedback is that AA increased pricing later than other Australian insurers. 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