Insurer QBE's cash profit rises 9% in 2015
Posted On: Feb. 23, 2016 12:00 AM CSTAustralia-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.