Record profit for QBE
QBE Insurance Group has reported a strong result for the half year to June 30, 2007, with profit up 56 per cent on the back of a 15 per cent increase in revenue.
The company told the Australian Stock Exchange the half-year profit of $921 million represented a record, with insurance profit before tax increasing by 41 per cent to $1,053 million.
The directors attributed the strong result to a continued low frequency and severity of claims combined with higher investment yields and the inclusion of recent US acquisitions.
They said the Australian Asia Pacific division had been among those that had produced higher insurance profits when compared to the same period last year.
AUTHOR
Mike Taylor
Recommended for you
In this week’s episode of Relative Return Unplugged, Dr Vladimir Tyazhelnikov from the University of Sydney’s School of Economics joins the show to break down the shifting sands of global trade dynamics and attempt to understand the way US President Donald Trump is employing tariffs.
In this week’s special episode of Relative Return Unplugged, we present shadow treasurer Angus Taylor’s address at Momentum Media’s Election 2025 event, followed by a Q&A covering the Coalition’s plans for the financial services sector.
In this week’s episode of Relative Return Unplugged, AMP chief economist Shane Oliver joins the show to unravel the web of tariffs that US President Donald Trump launched on trading partners and take a look at the way global economies are likely to be impacted.
In this episode of Relative Return, host Laura Dew is joined by Andrew Lockhart, managing partner at Metrics Credit Partners, to discuss the attraction of real estate debt and why it can be a compelling option for portfolio diversification.
