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QBE - QBE Insurance News Story

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Sector
Financials
Size
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; 
twitter.com/swatisays)) 
 
Keywords: QBE INSURANCE RESULTS/
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