Australia's largest listed insurance company, QBE Insurance (QBE), announced a worse than expected 1H13 (Jan-June 2013) net profit of $477m

CommSec

Online Stockbroker

Australia's largest listed insurance company, QBE Insurance (QBE), announced a worse than expected 1H13 (Jan-June 2013) net profit of $477m. The result was held back by lower investment returns & a fall in earnings across 4 of its 6 markets. Cyclone Oswald, which made its way through QLD & NSW in Jan cost QBE US$72m (biggest natural disaster expense of 1H13). The recent strengthening of the US dollar & a rise in bond yields is a positive for QBE, as close to 20% of its investments are held in govt. bonds. A $0.20ps dividend was announced, payable to eligible shareholders on 23 Sept. Visit (VIEW LINK) for more details


CommSec
CommSec
Online Stockbroker
Online Stockbroker

CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...

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