News Non-Life20 Feb 2023

Australia:QBE posts profit increase in 2022 despite headwinds

| 20 Feb 2023

QBE Insurance Group has announced its 2022 (FY22) statutory net profit after tax of $770m, compared with $750m in FY21. Adjusted cash profit after tax increased to $847m from $805m in the prior year, resulting in an adjusted cash return on equity of 10.5%, compared to 10.3% in the prior year.

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