Reported 2 days ago
Australia's QBE Insurance reported an unexpected rise in interim profits, reaching $997 million for the first half of fiscal 2025, driven by strong premium growth and reduced catastrophe claims compared to last year. Despite challenges from rising natural disaster-related claims and economic pressures, the insurer's premium income grew by 5.9%, while its net claims ratio improved. However, investor concerns about the sustainability of these profit drivers led to an 8.8% drop in share prices.
Source: YAHOO