Aug 11 (Reuters) - QBE Insurance Group Ltd (QBE) :
- DECLARES INTERIM DIVIDEND OF 9 AU CENTS/SECURITY
- HY REVENUE FROM ORDINARY ACTIVITIES $11,538 MILLION VERSUS $9,126 MILLION REPORTED YEAR AGO
- HY NET PROFIT ATTRIBUTABLE $151 MILLION VERSUS PROFIT OF $441 MILLION REPORTED YEAR AGO
- HY NET COST OF CATASTROPHE CLAIMS IMPROVED TO $454 MILLION
- OUTLOOK FOR REMAINDER OF YEAR REMAINS POSITIVE
- EXPECT FY CONSTANT CURRENCY GROSS WRITTEN PREMIUM GROWTH OF AROUND 10%
- FY22 COMBINED OPERATING RATIO GUIDANCE REMAINS UNCHANGED
- HY COMBINED OPERATING RATIO 82.5%
- ON A CONSTANT CURRENCY BASIS, GROSS WRITTEN PREMIUM INCREASED 18% TO $11,609 MILLION FOR HY
- IN FY22 WE CONTINUE TO EXPECT IMPROVEMENT ON THE FY21 EXIT COMBINED RATIO OF AROUND 94%
- IN HY EXCLUDING IMPACTS OF CHANGES IN RISK-FREE RATES, COMBINED OPERATING RATIO WAS 94.1% COMPARED WITH 93.3% IN PRIOR PERIOD
- EXPECTED $150 MILLION RESTRUCTURING EXPENSE OF THREE YEAR PROGRAM NOW EXPECTED TO BE FULLY INCURRED BY END OF FY22
- REMAIN CONFIDENT OF ACHIEVING STRONGER, MORE CONSISTENT LEVEL OF FINANCIAL PERFORMANCE OVER MEDIUM TERM
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News: QBE QBE Insurance Declares Interim Dividend Of 9 Au Cents/Security
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