QBE H1 Net Profit Up 13%

QBE Insurance Group Ltd

reported a 13% surge in its first-half net profit. Its net profit for the period climbed to US$760 million. QBE also announced a dividend of 40 Australian cents per share, versus 62 cents per share, in the year-ago period. QBE shares gained 0.85% to close at $14.32 yesterday.