Jan 23 (Reuters) - Australia's biggest insurer QBE Insurance Group (QBE) said on Tuesday it expects to report a full year after-tax loss of about A$1.2 billion ($961.80 million), hurt by impairment charges in its North American operations.
The company flagged in a statement that it expects its combined operating ratio (COR), a percentage of claims payouts against premium income, could rise to 104 percent, above the target COR range of 100-102 percent.
($1 = 1.2477 Australian dollars)
News: QBE Australia's QBE Insurance sees FY after-tax loss of $961.8 mln
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Last
$23.45 |
Change
0.150(0.64%) |
Mkt cap ! $35.40B | |||
| Open | High | Low | Value | Volume |
| $23.50 | $23.74 | $23.34 | $112.3M | 4.777M |
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| QBE (ASX) Chart |