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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...
Tags: earned premium, Insurance Australia Group, net earned, QBE, net profitability, Allianz Australia, PMI Australia, insurers profitability
tries to steady itself amid slumping house prices and surging defaults on home loans in the U.S. PMI shares soared $1.71, or 61.4 percent, to $4.50 in morning trading. Its shares have traded between $1.20 and $36.25 in the past 12 months.
Tags: QBE Insurance Group Ltd., mortgage insurer, PMI Group, PMI Mortgage Insurance, PMI Australia