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BRIEF-QBE Insurance Group Ltd Posts FY Net Profit After Income Tax Of US$390 Mln

Published 25/02/2019, 08:00 am
© Reuters. BRIEF-QBE Insurance Group Ltd Posts FY Net Profit After Income Tax Of US$390 Mln
QBE
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Feb 25 (Reuters) - QBE Insurance Group Ltd QBE.AX :

* FY NET PROFIT AFTER INCOME TAX US$ 390 MILLION VERSUS LOSS OF US$1,249 MILLION

* FY REVENUE FROM ORDINARY ACTIVITIES DOWN 8% TO US$15,392 MILLION

* FY GROSS WRITTEN PREMIUMS US$ 13,657 MILLION VERSUS US$13,328 MILLION

* DECLARED A FINAL DIVIDEND OF 28 AUSTRALIAN CENTS PER SHARE

* FY NET EARNED PREMIUM US$11,640 MILLION VERSUS US$11,351 MILLION

* FY CASH PROFIT US$715 MILLION VERSUS LOSS OF US$262MLN

* SEES 2019 COMBINED OPERATING RATIO BETWEEN 94.5 PERCENT TO 96.5 PERCENT

* CURRENT DIVIDEND POLICY SETS FULL YEAR DIVIDEND PAYOUT RATIO AT AROUND 65% OF CASH PROFIT

* SEES 2019 INVESTMENT RETURN BETWEEN 3 PERCENT TO 3.5 PERCENT

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