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QBE - QBE Insurance News Story

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Sector
Financials
Size
Large Cap
Market Cap £6.42bn
Enterprise Value £8.69bn
Revenue £11.63bn
Position in Universe 45th / 1838

BRIEF-QBE Insurance sees FY 2016 net earned premium US$11.5 bln to US$11.9 bln

Tue 16th August, 2016 11:01pm
Aug 17 (Reuters) - QBE Insurance Group Ltd  QBE.AX : 
 
 * Market release on 2016 half year results  QBE.AX  
 * On track to achieve our FY 2016 targeted $150 million reduction in operating 
expenses" 
 * Sees FY 2016 net earned premium US$11.5BN -to US$11.9BN 
 * Final dividend of 21 Australian cents per share 
 * We expect FY 2016 premium rate reductions will be broadly in line with 2015 
experience" 
 * Expect full year expenses to be in line with business plan" 
 * Anticipate that global pricing will remain under pressure in 2016" 
 * Started 2016 expecting premium rates to fall marginally" 
 * All figures in us$ 
 * Source text for Eikon  ID:nASX5LlybL  
 
 ((Further company coverage:  QBE.AX )) 
 ((Bangalore.newsroom@thomsonreuters.com))
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