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BRIEF-QBE Insurance Group Ltd H1 Combined Operating Ratio Of 95.8 Pct

Published 16/08/2018, 08:50 am
© Reuters.  BRIEF-QBE Insurance Group Ltd H1 Combined Operating Ratio Of 95.8 Pct
QBE
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Aug 16 (Reuters) - QBE Insurance Group Ltd QBE.AX :

* FIRST HALF COMBINED OPERATING RATIO OF 95.8%

* REVISED FULL YEAR 2018 COMBINED OPERATING RATIO 95.0% - 97.0%

* BOARD REMAINS COMMITTED TO THREE-YEAR SHARE BUYBACK OF UP TO A$1BN INCLUDING NO MORE THAN A$333M IN ANY ONE CALENDAR YEAR

* TOTAL SHAREHOLDER PAYOUT FOR 2018 HALF YEAR IS A$397M, UP 31% FROM A$302M IN PRIOR PERIOD

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