Jan 23 (Reuters) - Insurance Australia Group Ltd
* IAG updates FY 2014 guidance
* Says revised its FY 2014 reported Insurance margin guidance to 14.5-16.5%, up from the previously advised 12.5-14.5%
* Expects to report GWP growth of approximately 4% in H1 2014
* Says reduced its FY 2014 Gross Written Premium (GWP) growth guidance to 3-5%
* Says anticipated reporting an insurance margin of around 17.5% for the six months ended 31 December 2013
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