QBE 0.11% $18.13 qbe insurance group limited

SYDNEY, Feb 27 (Reuters) - Australia's No. 1 insurer by premium...

  1. 184,651 Posts.
    lightbulb Created with Sketch. 2711

    SYDNEY, Feb 27 (Reuters) - Australia's No. 1 insurer by premium income, QBE Insurance Group Ltd (QBE) , on Monday posted a 1 percent rise in full-year cash profit, beating expectations, as it lifted prices and managed claims better.

    Cash profit after tax increased to $898 million in the 12 months to Dec. 31 compared with $893 million a year ago, and a $769 million forecast of 13 analysts polled by Thomson Reuters I/B/E/S. Adjusted for currency changes, cash profit was 12 percent higher than a year ago.

    The insurer, which generates almost three-quarters of its premiums abroad, lifted its final dividend by 10 percent to A$0.33 ($0.2531) a share, 50 percent franked.

    QBE also announced an on-market share buyback of up to $1 billion over three years, targeting no more than $333 million in any one calendar year, to return surplus cash to investors. ($1 = 1.3038 Australian dollars)

 
watchlist Created with Sketch. Add QBE (ASX) to my watchlist
(20min delay)
Last
$18.13
Change
0.020(0.11%)
Mkt cap ! $27.14B
Open High Low Value Volume
$18.20 $18.31 $18.07 $64.64M 3.558M

Buyers (Bids)

No. Vol. Price($)
5 18887 $18.13
 

Sellers (Offers)

Price($) Vol. No.
$18.15 39281 4
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$18.17
  Change
0.020 ( 0.36 %)
Open High Low Volume
$18.19 $18.31 $18.07 1190117
Last updated 15.59pm 28/03/2024 ?
QBE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.