QBE Insurance's profit rises more than 20%
Posted On: Feb. 28, 2017 5:00 AM CSTAustralia-based QBE Insurance Group Ltd. has reported a 23% rise in profit to $844 million for 2016, ABC.net.au reported. The insurer posted a 4% increase in revenue to more than $17 billion, despite a 2% fall in the value of insurance policies written to about $14 billion.