Results
|
H1 2022
|
H1 2021
|
Gross written premium
|
US$11.6 billion
|
US$10.2 billion
|
Gross earned premium
|
US$9 billion
|
US$8 billion
|
Underwriting result
|
US$1.2 billion
|
US$642 million
|
Net investment income/(loss)
|
US$(840 million)
|
US$58 million
|
Net profit after income tax
|
US$151 million
|
US$441 million
|
According to the insurer, the 66% decline in net profit attributable to ordinary equity holders of QBE was due to adverse mark-to-market impacts on the company’s investment portfolio, the transaction to reinsure North America excess & surplus lines prior accident year liabilities, the…