January 22, 2018 / 10:13 PM / in a year

CORRECTED-Australia's QBE Insurance sees FY after-tax loss of $1.2 bln

(Corrects headline and text to show all figures in U.S. dollars not Australian dollars)

Jan 23 (Reuters) - Australia’s biggest insurer QBE Insurance Group said on Tuesday it expects to report a full year after-tax loss of about $1.2 billion, hurt by impairment charges in its North American operations.

The company flagged in a statement that it expects its combined operating ratio (COR), a percentage of claims payouts against premium income, could rise to 104 percent, above the target COR range of 100-102 percent.

Reporting by Aditya Soni in Bengaluru

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