Feb 23 (Reuters) - QBE Insurance Group Ltd (QBE) :
- Market release - QBE announces 2015 results (QBE)
- 2016 target allows for $150 million reduction in operating expenses intended to deliver a 1% improvement in 2016 expense ratio
- Developing plans to eliminate further $150 million of costs in 2017-18, thereby improving expense ratio by 2% over the three years to 2018
- Expected to result in a total reduction in the group's gross operating expenses of approximately $700 million over the six year period to 2018
- Says board has approved a 36% increase in the final dividend to 30 Australian cents per share
- Substantial additional cost savings anticipated in 2016 and over the medium term"
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Last
$21.39 |
Change
-2.060(8.78%) |
Mkt cap ! $32.29B | |||
| Open | High | Low | Value | Volume |
| $23.17 | $23.24 | $21.34 | $152.5M | 6.973M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9526 | $21.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.48 | 16420 | 3 |
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| QBE (ASX) Chart |