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QBE confirms full year profit margin
The insurance giant booked a net profit of $859 million for the half to June 30, down from $921 million in the first half of 2007 but that was in line with market expectations. A key profitability measure, insurance profit before tax margin to net earned premium reached 21.8 per cent.
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READ MORE: earned premium, Insurance Australia Group, net earned, QBE, net profitability, Allianz Australia, PMI Australia, insurers profitability
News Stories
- News Source: The Daily Telegraph (Australia) | about 1 year agoQBE chief Frank O'Halloran is continuing to look at acquisition opportunities in Australia but says he is more likely to buy foreign assets in the next 12 months. Speaking after the announcement of a 7 per cent fall in interim net profit to $859...
- News Source: Sydney Morning Herald | about 1 year agoQBE will focus its acquisition energies on Europe, the United States and Latin America to help reach an expected annual profit of $1.9 billion after failing to execute a merger with its domestic rival, Insurance Australia Group, earlier this year.
- News Source: The Age | about 1 year agoThe insurance giant booked a net profit of $859 million for the half to June 30, down from $921 million in the first half of 2007 but that was in line with market expectations. A key profitability measure, insurance profit before tax margin to net...
- News Source: The Age | about 1 year agoThe insurance giant recorded a net profit of $859 million for the half to June 30, compared to the $921 million in the 2007 first half. That result gives it a 21.8 per cent insurance profit before tax margin to its net earned premium...The insurer...
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