QBE (QBE) has reported an overall net loss after tax of US$254 million due to the large one-off after tax costs of US$1,332 million associated with the poor...

QBE (QBE) has reported an overall net loss after tax of US$254 million due to the large one-off after tax costs of US$1,332 million associated with the poor performance of their North American operations. The loss reflected claims in the previous year, write?downs and restructuring costs. The result was in line with the updated guidance that was provided on 9th December, which estimated a reported loss of approximately US$250 million. Watch the full report here: