QBE swings to profit after strategic changes
Posted On: Feb. 25, 2019 5:17 AM CSTAustralia-based QBE Insurance Group Ltd.'s after tax profit boomed to $715 million in 2018 compared to a loss of $262 million in 2017, Reuters reported. The profit was driven by higher premium rates, a drop in disaster-related claims and offloading of underperforming units. Gross written premiums grew 3% to $13.7 billion.