News Non-Life13 Dec 2018

Australia:QBE expects higher profitability in 2019 despite headwinds

| 13 Dec 2018

Australia's largest global insurer QBE has warned that its profits will see "headwinds" of around $50m-$100m in 2019. Nevertheless, the company remains confident of achieving an improved combined operating ratio and higher overall profitability in 2019 compared with 2018, underpinned by the premium rate increases, expected ongoing improvement in the Group's attritional claims ratio and the recently commenced efficiency programme.

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