QBE International posts rise in GWP but fall in underwriting result for 2019
QBE has reported a 5% rise in gross written premium to $4.92bn (£3.78bn) in its international division for the full year 2019.
In addition, its combined operating ratio for the international division, which includes its European Operations and its Asian business, improved to 95.4% in 2019 from 95.9% in 2018.
The division also saw net earned premiums fall to $4.09bn from $4.22bn in the preceding year and a dip in its underwriting result to $87m (2018: $170m).
In 2019, QBE moved its European
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