August 14, 2019 / 11:16 PM / 2 months ago

CORRECTED-Australia's QBE Insurance reports 35% jump in H1 profit (Aug. 15)

(Corrects paragraph 2 to show figures are in U.S. dollars, not Australian dollars, removes currency conversion)

Aug 15 (Reuters) - Australia’s QBE Insurance Group said on Thursday its first-half fiscal 2019 cash profit rose 35%, helped by lower claims losses and robust investment return.

The country’s third-largest listed insurer’s cash profit for the six months ended June 30 rose to $520 million from $385 million a year ago. (Reporting By Rushil Dutta in Bengaluru; Editing by Maju Samuel)

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