QBE Europe posts GWP rise for 2018
QBE European Operations has posted a 4% rise in gross written premium (GWP) in 2018 to £3.27bn.
The insurer also reported an insurance profit of £237m for the year, which is down from the £256m profit it achieved in 2017.
Meanwhile, combined operating ratio for the European business, which includes the UK operations, improved to 94.8% in 2018 (2017: 95.2%).
The provider further detailed that net earned premium had increased by 5% to £2.63bn, while its underwriting result rose by 13% to £137m.
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