Aug 17 (Reuters) - QBE Insurance Group Ltd QBE.AX :
* Market release on 2016 half year results QBE.AX
* On track to achieve our FY 2016 targeted $150 million reduction in operating expenses"
* Sees FY 2016 net earned premium US$11.5BN -to US$11.9BN
* Final dividend of 21 Australian cents per share
* We expect FY 2016 premium rate reductions will be broadly in line with 2015 experience"
* Expect full year expenses to be in line with business plan"
* Anticipate that global pricing will remain under pressure in 2016"
* Started 2016 expecting premium rates to fall marginally"
* All figures in us$
* Source text for Eikon ID:nASX5LlybL