Profits up at QBE


The Australia-based insurer did not provide a breakdown for UK figures, however it stated that "local currency premium growth" for the European operations was 6% to £3.19bn of GWP.

The provider confirmed that its combined operating ratio had slipped to 97.1% for the full year from 96.8% in 2011.

QBE's insurance profit, which includes investment income on policyholders' funds, came in at US$1.26bn, up 16% from US$1.09bn in 2011. It attributed this to significantly improved investment returns

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: