News: QBE QBE Insurance Group Ltd Posts FY Net Profit After Income Tax Of US$390 Mln

Feb 25 (Reuters) - QBE Insurance Group Ltd (QBE) :

• FY NET PROFIT AFTER INCOME TAX US$ 390 MILLION VERSUS LOSS OF US$1,249 MILLION
• FY REVENUE FROM ORDINARY ACTIVITIES DOWN 8% TO US$15,392 MILLION
• FY GROSS WRITTEN PREMIUMS US$ 13,657 MILLION VERSUS US$13,328 MILLION
• DECLARED A FINAL DIVIDEND OF 28 AUSTRALIAN CENTS PER SHARE
• FY NET EARNED PREMIUM US$11,640 MILLION VERSUS US$11,351 MILLION
• FY CASH PROFIT US$715 MILLION VERSUS LOSS OF US$262MLN
• SEES 2019 COMBINED OPERATING RATIO BETWEEN 94.5 PERCENT TO 96.5 PERCENT
• CURRENT DIVIDEND POLICY SETS FULL YEAR DIVIDEND PAYOUT RATIO AT AROUND 65% OF CASH PROFIT
• SEES 2019 INVESTMENT RETURN BETWEEN 3 PERCENT TO 3.5 PERCENT