HomeInsuranceQBE outlines half-year financial results

QBE outlines half-year financial 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…

Read more at www.insurancebusinessmag.com

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