Feb 25 (Reuters) - Australia's QBE Insurance Group Ltd (QBE) posted a better than expected annual cash profit on Monday, underpinned by higher premiums and a drop in claims.
Profit after tax on a cash basis came in at $715 million for the year ended Dec. 31, compared with a loss of $262 million a year ago and was better than analyst expectations of $707.02 million, according to Refinitiv IBES data.
The country's third biggest insurer by market value wrote $13.66 billion worth of gross premiums in fiscal 2018, compared with $13.33 billion a year ago.
News: QBE Australia's QBE Insurance annual profit beats forecast
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Last
$23.09 |
Change
0.180(0.79%) |
Mkt cap ! $34.86B | |||
| Open | High | Low | Value | Volume |
| $22.86 | $23.19 | $22.69 | $65.46M | 2.839M |
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| 2 | 1000 | $23.06 |
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| QBE (ASX) Chart |