QBE 1.35% $19.58 qbe insurance group limited

QBE has decided to adopt a US dollar presentation currency for...

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    QBE has decided to adopt a US dollar presentation currency for 2010 onwards as it is more
    relevant for measuring performance given that around 75% of business is now written in 48
    overseas countries and over 50% of annualised premium income is derived in US dollars.
    Preliminary premium growth and insurance profit for the half year ended 30 June 2010
    indicate:
    - Gross written premium growth of 20% to US$6.9 billion
    - Net earned premium up 19% to US$5.2 billion
    - Combined operating ratio around 89.7%
    - Insurance profit up around 7% to US$820 million
    - Insurance profit margin of 15.7%
 
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