Australia's QBE full-year net profit drops 3.5 percent

Thu Feb 26, 2009 3:18am EST
 
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SYDNEY, Feb 26 (Reuters) - QBE Insurance Group Ltd (QBE.AX), Australia's top insurer by premium income, said on Thursday its full-year net profit fell 3.5 percent to A$1.859 billion, hurt by a large number of claims, but still above expectations.

The average forecast of QBE's full-year profit from eight analysts was A$1.671 billion. (Reporting by Mette Fraende, Editing by Muralikumar Anantharaman)

 

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