Insurance Australia (ASX:IAG) recently reported its financial performance for the fiscal year.

The company’s revenue from regular operations amounted to A$19,851 million, compared to A$18,347 million from the previous year.

Insurance Australia further revealed a profit attributable to A$832 million, a significant boost from A$347 million in the preceding year.

The firm’s cash earnings touched A$452 million, marking a substantial rise from A$213 million.

Additionally, this year’s gross written premium reached A$14,729 million, an improvement from A$13,317 million.

For the upcoming fiscal year, Insurance Australia envisions low double-digit growth in gross written premium.

The company also forecasts a reported insurance margin guidance of 13.5% to 15.5%.

Insurance Australia anticipates an increase in natural peril allowance to A$1,147 million in FY24.

The projected insurance margin guidance is expected to yield an insurance profit between roughly A$1.2 billion and A$1.45 billion.

The company has revised its ambitious goals to deliver a 15% insurance margin and a reported return on equity of 13% to 14% on a ‘through the cycle’ basis.

By FY24, Insurance Australia foresees modest volume growth coupled with an increase in customer numbers.

Insurance Australia is a leading general insurance company specializing in car, home, business, and travel insurance among other services.

Ampol (ASX:ALD) has declared an interim dividend of 95 AU cents per share.

The company has experienced an improvement in its Lytton Refiner Margin, which amounted to US$15.31 per barrel for the month of July.

Meanwhile, the company’s half-year revenue from ordinary activities increased by 6% to reach a total of A$18,446.6 million.

For operations excluding Lytton (F&I), the expectation is for continued benefits from ongoing growth in jet demand.

On the other hand, fuel margins for convenience retail softened during July.

However, a promising start to August has been observed for the Lytton Refiner Margin.

Capital expenditure is anticipated to focus on the second half, potentially reaching up to A$450 million.

Ampol is a major Australian fuel and convenience retailer.

Westpac Banking Corporation (ASX:WBC) has announced that the percentage of mortgages over 90 days overdue was at 0.80% at the end of the quarter in Australia.

Additionally, the quarterly Risk Weighted Assets (RWA) experienced an increase by A$7.1 billion.

Westpac (ASX:WBC) is one of the major Australian banks.

Westpac Banking Corp (ASX:WBC) has disclosed its unaudited net profit for Q3 at a robust A$1.8 billion.

Other key financial indicators such as the core net interest margin (NIM) was reported at 1.86%, while the group’s NIM for the quarter was 2.06%.

Additionally, the third quarter registered a CET1 ratio of 11.9%.

The bank’s credit quality remained resilient in Q3 2023, with a deposit to loan ratio showing an improvement at 84.1% in Q3.

However, expenses for the second half of 2023 to date have increased by approximately 5% compared to the first half of the year.

The ratio of collectively assessed provisions to credit risk-weighted assets rose by 4 basis points, reaching 1.37% in the quarter.

Westpac remains committed to cost discipline, as recent cost reset actions led to a full-time equivalent employee reduction of 2% for the second half of 2023 to date.

The bank notes that the expenses for the second half of 2023 until now have surged about 5% compared to 1H23.

Westpac Banking Corp (ASX:WBC) is a major Australian bank offering a wide range of financial services such as retail, business and institutional banking.

Analysts at Jefferies anticipate that the FY23 results for Australia’s leading carrier, Qantas (ASX:QAN), will echo the demand trends in upcoming bookings.

The brokerage is forecasting the company to report an underlying pre-tax profit of A$2.47 billion.

According to Jefferies, the resurgence of international business travel demand, together with steady leisure demand, could still enhance international earnings for Qantas in FY24.

The firm also predicts a modest A$200 million buyback in fiscal 2024, a reduction from A$1 billion in FY23.

The main point of interest remains the durability of demand through FY24, especially domestically for Qantas, says the brokerage.

The stock has experienced a 4.3% increase this year, up to the last closing point.

Qantas (ASX:QAN) is Australia’s flagship airline carrier.

Analysts at Jefferies have raised their price target for Australian property major, Dexus (ASX:DXS), to A$9.00 per share from the previous A$8.78.

Dexus’s FY23 results surpassed expectations from the company, brokerage, and wider market due to increased trading profits and a rise in funds under management resulting from industrial completion.

Jefferies has upgraded its rating for the company from ‘Hold’ to ‘Buy.’ Dexus has maintained a robust year of leasing and performed admirably in a challenging market, showing growth in funds under management and selling assets that approximate A$1.8 billion.

Potential upside is anticipated from fund management, asset recycling, developments, and trading, according to Jefferies.

Among 11 analysts, six rate the stock ‘buy’ or higher, three say ‘hold’ and two recommend ‘sell’; with their median price target at A$8.93, according to Refinitiv data.

The stock has faced a marginal decline of 0.1% this year, as of last closing.

Dexus is a leading Australian Property Company.

Analysts at Jefferies have raised their price target on Australia’s Tyro Payments (ASX:TYR) from A$1.25/share to A$1.40/share, upgrading their recommendation to ‘hold’ from ‘underperform’.

Jefferies anticipates that the payment firm’s FY23 results will mostly align with market expectations.

The brokerage predicts FY23 results will see a boost from increased merchant service fees.

They also predict that FY23 transaction value will coincide with the market consensus of A$42.55 billion, aligned with the company’s guidance of A$42.25 billion to A$42.75 billion.

Among eight analysts, four rate the stock ‘buy’, two ‘hold’, and two ‘sell’, with a median price target of A$1.50.

The stock has so far decreased by 17.3% this year, according to last close.

Tyro Payments (ASX:TYR) is an Australian company that focuses on electronic payment services.

Freightways Group (ASX:FRW) has announced expectations for economic difficulties to carry on through fiscal year 2024.

Moreover, the company has disclosed plans to apply for admission to the official list of the Australian Securities Exchange (ASX).

With a hopeful outlook, Freightways Group is awaiting resurgence in demand across its New Zealand enterprises.

There has been a notable increase in the operating revenue by an astonishing 29% from the previous year.

Given the approval by ASX, the company is set to officially list mid-September 2023.

The net profit for the fiscal year tallied at NZ$75.3 million, marking an uplift of 7.3%.

The company has declared a fully imputed final dividend of 19 NZ cents per share.

Over the course of the longer term, there’s a potential for revenue and profitability expansion on both sides of the Tasman.

Freightways Group is a leading provider of express package services and business mail throughout New Zealand and Australia.

Financial analysts at Jefferies indicate the FY23 outcomes for Australia’s Centuria Office REIT (ASX:COF) fell below the predictions of the brokerage and market.

Their price target was further reduced by 5%, bringing it down to A$1.39 per share.

However, the ‘Hold’ rating is still in effect.

They point out that the results were less than expected because they were influenced by increasing debt expenses and a decelerating pace in the Australian property sector.

The real estate developer converted from a profit-making position to a deficit in 2023.

For the FY24, the forecast for the company’s funds from operations per unit is 13.8 Australian cents per share, and distribution per unit guidance stands at 12 Australian cents per share, both are lower than the estimates according to Jefferies.

Six analysts were divided in their evaluation of the stock: three suggest ‘buy’ or higher, one maintains ‘hold’, and two propose ‘sell’.

Their median price target is A$1.55.

The company’s shares have decreased by 13.7% over this year, up to the most recent closing.

Centuria Office REIT is an Australia-based property company focused on office real estate.

Financial analysts at Citi predict that Pro Medicus (ASX:PME), an Australian company, will see its first revenue numbers from its cardiology and artificial intelligence operations in the fiscal year 2024.

The brokerage expects the earnings per share of the healthcare informatics company to rise by 14% and 16% for fiscal 2024 and 2025 respectively.

This positive forecast led to an upgrade in the price target from A$61 per share to A$72.

Citi views the business model of Pro Medicus as appealing, and notes that the company holds a genuine competitive edge in the picture archiving and communication systems sector.

For the FY24, Citi forecasts a rise in revenue and adjusted net profit after tax by 31% and 34% respectively.

The company’s stocks had shown an increase of 26.9% at last close.

Pro Medicus (ASX:PME) is a medical software and technology company based in Australia, focusing on imaging technology.