Market Overview

QBE Insurance Group Reports 53% Rise In First-Half Profit

Share:

QBE Insurance Group Ltd (OTC: QBIEY) downgraded its full-year profit projections. It reported a 53% surge in its first half profit.

QBE's net profit for the period climbed to US$673 million, from US$440 million, in the year-ago period. Its revenue gained 34% to US$9.07 billion from US$6.78 billion.

QBE projects annual gross written premium to increase to marginally above US$17 billion.

QBE also declared a first half dividend of $0.62 per share.

QBE shares dropped 4.99% to close at $13.72 yesterday.

Posted-In: EarningsEarnings News Guidance

 

Related Articles (QBIEY)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com