, APAC
/Freepik

QBE doubles net profits to $802m in H1 2024

Its gross written premium increased by 2%.

During the first six months of 2024 (H1 2024), QBE doubled (100.5%) its net profits to $802m, bolstered by higher premiums and investment income.

Its gross written premium increased by 2%, driven by renewal rate hikes and organic growth, though offset by portfolio exits and lower crop premiums. 

The combined operating ratio improved to 93.8% from 98.8%, aided by lower catastrophe costs. QBE also announced reserve transactions to de-risk $1.6b in reserves. 

The board declared an interim dividend of AU$0.24 per share, up from AU$0.14 last year. Meanwhile, basic earnings per share–adjusted basis stood at $51.9.

Follow the link s for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.