December-22 APRA data show personal outgrew commercial lines of insurance for the first time in five years.

Morgan Stanley suggests this data is supportive for Insurance Australia Group, despite ongoing market share losses.

Equal-weight rating and $4.75 target retained. Industry View: In-Line. 

Sector: Insurance.

Target price is $4.75.Current Price is $4.61. Difference: $0.14 - (brackets indicate current price is over target). If IAG meets the Morgan Stanley target it will return approximately 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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