Feb 19 (Reuters) - QBE Insurance Group Ltd (QBE) :
- FY STATUTORY NET LOSS AFTER TAX OF $1,517M
- FY ADJUSTED NET CASH LOSS AFTER TAX WAS $863M
- FY NET INVESTMENT INCOME REDUCED TO $226M FROM $1,036M IN 2019
- ELECTED NOT TO DECLARE A FINAL DIVIDEND
- EXPECTS TO RESUME DIVIDEND PAYMENTS - OF UP TO 65% OF ADJUSTED CASH PROFITS - IN CONJUNCTION WITH 2021 INTERIM RESULT
- FY20 COMBINED OPERATING RATIO OF 104.2% COMPARED WITH 97.5% IN 2019
- PREMIUM MOMENTUM ACCELERATED ACROSS 2020 & HAS CONTINUED INTO 2021
- WILL INCUR RESTRUCTURING CHARGE OF $150M TO BE EXPENSED OVER THREE YEARS
- FY NET EARNED PREMIUM UP 4% TO $11,785M
Source: https://bit.ly/3ptGufb
(([email protected];))
News: QBE QBE Insurance Posts FY Adjusted Net Cash Loss After Tax Of $863 Mln
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$20.82 |
Change
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Mkt cap ! $31.43B | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
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