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QBE ensures a challenge

Wilson Asset Management

Wilson Asset Management

On Tuesday QBE Insurance Group (ASX: QBE) released its half yearly results, reporting a net profit of $US686 million for the year through December, down 7% on the year prior but up 7% on a constant currency basis. The company’s insurance profit margin improved to 9%, up from 8.4% in 2014, representing its best underwriting performance since 2010 despite challenging insurance pricing and investment markets, a significantly stronger US dollar and continued low interest rates. QBE shares closed up 4.4% for the week. We own QBE in the investment portfolio.


Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

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