QBE results News

QBE Reports Full-Year 2020 Loss of $1.5 Billion; No Final Dividend Declared

QBE officially announced a $1.5 billion bottom-line net loss for 2020 late last week, confirming a figure the Australia-based insurance group pre-announced in late mid-December. The result represents nearly $1 billion downward swing from a $522 million net profit reported …

QBE Expects H1 2020 Loss of US$750M on COVID-19, Natural Catastrophe Claims

QBE Insurance Group expects to report a first-half, after-tax loss of around $750 million, mainly due to COVID-19 claims and natural catastrophes, which included Australia’s bushfires and hailstorms at the beginning of the year. During the first half, QBE said …

QBE Withdraws 2020 Financial Targets on COVID-19 Related Economic Uncertainty

QBE released its 2019 full year results on Feb. 17, 2020, which included an outlook statement that included combined operating ratio and net investment return targets for the 12 months ended Dec. 31, 2020. However, QBE has decided to withdraw …