QBE profits drop on huge investment loss
Reinsurance News - Aug 11, 2022
QBE announced statutory net profit after tax of $151 million for the first half of 2022, compared with $441 million in the same six-month period last year. The drop mainly owed to an H1 investment loss of $840 million, versus a return of $58 million last year, which QBE said had been caused by “adve...
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