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Insurer QBE's cash profit rises 9% in 2015


Australia-based QBE Insurance Group Ltd.'s cash profit increased 9% year on year to $893 million Australian ($645 million) for the 12 months ended Dec. 31, 2015, Reuters reported.

The figure beat analysts' forecast of $833 million Australian.

Net earned premium totalled $12.2 billion Australian and insurance profit margin was 9% in 2015.

The insurer expects gross written premiums to total between $14.2 billion Australian and $14.6 billion Australian.

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