Codan Limited reported sales results for the nine months ended of March 31, 2016. For the period, the company's sales were AUD 118 million, 19% higher than the same period last year, with third quarter sales up 54% on the prior year.

Full year underlying net profit after tax expected to be in the region of AUD 20 million, an increase of 57% over fiscal year of 2015 and statutory net profit after tax to be in the order of AUD 15 million.