QBE Insurance logo

QBE - QBE Insurance News Story

A$8.49 0.3  3.6%

Last Trade - 5:50am

Large Cap
Market Cap £5.74bn
Enterprise Value £8.08bn
Revenue £11.98bn
Position in Universe 51st / 1837

QBE H1 cash profit falls 39 pct, lifts dividend

Wed 17th August, 2016 12:37am
SYDNEY, Aug 17 (Reuters) - QBE Insurance Group  QBE.AX , 
Australia's No.1 insurer by premium income, posted a 39 percent 
drop in first-half cash profit due mainly to higher claims, and 
lowered its full-year guidance on global pricing pressures. 
    Cash profit fell to $287 million in the six months to June 
30 compared with $471 million a year ago and analysts' forecasts 
of $343 million.   
    The insurer, which generates almost three quarters of its 
premiums abroad, lifted its interim dividend by 5 percent to 21 
Australian cents a share.     
 (Reporting by Swati Pandey; Editing by Richard Pullin) 
 ((swati.pandey@thomsonreuters.com; +61 2 9321 8166; Reuters 
Messaging: swati.pandey.thomsonreuters.com@reuters.net; 
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.