Jan 23 (Reuters) - Qbe Insurance Group Ltd QBE.AX :
* ASX ALERT-QBE UPDATES THE MARKET ON FY17 RESULTS EXPECTATIONS-QBE.AX
* QBE INSURANCE GROUP -EXPECTS TO REPORT A FY17 COMBINED OPERATING RATIO OF AROUND 104%, ABOVE TARGET COR RANGE OF 100 - 102%
* QBE INSURANCE GROUP LTD - EXPECTS FY17 AFTER TAX LOSS OF AROUND $1.2BLN
* QBE INSURANCE GROUP -OUTLOOK FOR 2018 INCLUDES TARGET COR RANGE OF 95.0-97.5% & TARGET NET INVESTMENT RETURN OF AROUND 2.5-3.0%
* QBE INSURANCE - WILL CONSIDER QUANTUM OF FINAL DIVIDEND AND BUY-BACK EXPECTATIONS IN CONJUNCTION WITH FINALISATION OF FY17 RESULTS
* QBE INSURANCE GROUP - CUTS IN US CORPORATE TAX RATE RESULTS IN A $230M WRITE DOWN OF CARRYING VALUE OF DEFERRED TAX ASSETS IN OUR NORTH AMERICAN OPERATIONS
* QBE INSURANCE GROUP LTD - FY17 NET INVESTMENT RETURN IS ESTIMATED TO BE AROUND 3.2% OR $800 MILLION