News Regional20 Aug 2019

Australia's second largest global insurer sees net profit rise by 29% in 1H2019

20 Aug 2019

Despite reporting an underwriting loss of $24m in 1H2019, QBE Insurance posted a 29% jump in statutory net profit amounting to $463m compared to $358m in the same period last year. Its cash profit after tax increased by 35% to $520m. This resulted in the combined operating ratio decreasing to 95.2% from 95.8% year-on-year.

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