• Most Popular
  • Most Shared

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

Thu Feb 26, 2009 3:18am EST

Stocks

   

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)



More from Reuters

Photo

Tech solutions to climate change

Experts say there is no single answer to solving global warming, but a handful of technologies could be promising. Check out some of the candidates and join the debate.  Full Article 

    Onlookers gather outside the historic Federal Hall where U.S. President Barack Obama is speaking in the heart of Wall Street in New York September 14, 2009. REUTERS/Larry Downing

    One step closer to reform

    The House of Representatives approved the biggest changes in financial regulation since the Great Depression, marking a win for the Obama administration and congressional Democrats.  Full Article 

     The share price index DAX board is seen in front of an emergency exit sign at Frankfurt's stock exchange, October 8, 2008. REUTERS/Kai Pfaffenbach

    "Deflation is with us"

    Fear of the market abyss has faded for investors, but another fear is lurking on the horizon, if not already here.  Full Article