Aug 17 (Reuters) - QBE Insurance Group Ltd (QBE) :
- Market release on 2016 half year results (QBE)
- On track to achieve our FY 2016 targeted $150 million reduction in operating expenses"
- Sees FY 2016 net earned premium US$11.5BN -to US$11.9BN
- Final dividend of 21 Australian cents per share
- We expect FY 2016 premium rate reductions will be broadly in line with 2015 experience"
- Expect full year expenses to be in line with business plan"
- Anticipate that global pricing will remain under pressure in 2016"
- Started 2016 expecting premium rates to fall marginally"
- All figures in us$
News: QBE QBE Insurance sees FY 2016 net earned premium US$11.5 bln to US$11.9 bln
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