QBE qbe insurance group limited

Feb 19 (Reuters) - QBE Insurance Group Ltd (QBE) : FY STATUTORY...

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    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];))

 
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Last
$23.16
Change
0.250(1.09%)
Mkt cap ! $34.87B
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$22.86 $23.19 $22.69 $33.81M 1.469M

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