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.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here

For Full Access to the magazine SUBSCRIBE here.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

Error : Object reference not set to an instance of an object.

Recent Comments
Other News

Follow Asia Insurance Review