
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Most read
- Disappointed FCA warns brokers on consumer harms
- Cyber pricing hardens over 30%, says Aon
- Broker FSCS levy plummets to £5m for 2022/23 from expected £68m
- Momentum grows turnover and profit as it tops £50m GWP
- Igo4 highlights benefits of robotic process automation
- People Moves: 23-27 May 2022
- GRP-owned DCJ buys SM Commercial