Insurance Australia Group Ltd (ASX:IAG) has posted a gain in profit during the 2024 fiscal year, which it said was underpinned by net earned premiums, growth in insurance profit and more impressive investor income on shareholder funds. IAG’s net profit after tax (NPAT) came in at $898 million – a 7.9% lift from the year before – while net earned premiums were up 11%, and investment income on shareholder funds was up 53% compared to FY2023, at $286 million. Insurance profit registered significant growth, coming in at $1,438 million – a 79.1% jump from the previous year, with a reported margin o…