QBE 1.62% $17.59 qbe insurance group limited

extract from the Australian -27 feb...

  1. 174 Posts.
    extract from the Australian -27 feb 08
    ----------------------------------------------
    However, the result also showed a shortfall in the top-line performance of the US operations,
    which was attributed to management exiting some businesses from its two recent US
    acquisitions -- Praetorian and Winterthur -- and holding its line on premiums.
    ``Yes, the top line has come off (in the US business) more than we anticipated, but I would
    rather the top line come off than give away on rate and give away on bottom-line profitability,''
    Mr O'Halloran said.

    ----------------------
 
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