QBE Half-Year Profits Soar
QBE Insurance Group (ASX: QBE) has delivered a stunning financial performance in the first half of the year, doubling its profits compared to the previous year. The insurance heavyweight reported a substantial increase in earnings, rising to $US802 million from $US400 million in the previous corresponding period. This substantial growth is a clear indicator of…
QBE Insurance Group Limited (ASX: QBE)
Company Information QBE Insurance Group Limited (ASX: QBE) QBE Insurance Group Limited is an insurance and reinsurance company from Australia. The company specializes in writing general insurance and reinsurance, managing Lloyd’s syndicates, and overseeing investments. It has three main segments: North America, International, and Australia Pacific. In North America, QBE operates in the…
QBE Insurance Group Ltd (ASX:QBE) Stellar Performance and Bumper Dividend Payouts
QBE Insurance Group (ASX:QBE) has emerged with a gleaming report card, boasting a significant upswing in its net income to US$1.355 billion for the year ended December 31, 2023. As a reward to its shareholders, QBE upped its final dividend to A$0.48 per share for 2023, likely stirring the interest of yield-hungry investors. QBE closed…
QBE Insurance Group (ASX: QBE) Vaults into the ASX Top Twenty
International property and casualty insurance provider QBE Insurance Group reverses an FY 2020 loss with profit gains in the next three years. As of 1 March 2024 the company was moved into the S&P/ASX 20 Index, Australia’s top 20 companies by market cap. The share price is up both year over year and year to…
QBE finds new leader at UK insurer
SYDNEY, AAP – Insurer QBE has named the boss of UK insurer Beazley, Andrew Horton, as its next chief executive. After the market closed on Wednesday, the insurer said Mr Horton would join after 13 years running the UK-listed insurer, which trades across most continents. QBE chair Mike Wilkins said Mr Horton had a deep…
QBE reports $US1.5 billion loss
SYDNEY, AAP – Insurer QBE has elected not to declare a final dividend, recording a statutory net loss after tax of $US1.5 billion ($A1.93 billion) following last year’s $US550 million profit. The company put the somewhat expected result down to Australia’s Black Summer bushfires, significant hail and storm claims, US wildfires and a record number…