Australian insurer QBE's half-year profit rises nearly 4%-November 2024-www.financetom.com

Australian insurer QBE's half-year profit rises nearly 4%

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Australian insurer QBE's half-year profit rises nearly 4%

Aug 13, 2026 3:09 PM

Aug 14 (Reuters) - Australia's QBE Insurance posted

a 3.6% rise in its half-year profit on Friday, helped by higher

net investment income, while catastrophe costs also came in

below allowance.

The insurer's adjusted net profit after income tax came in

at $1,033 million for the six months ended June 30, compared

with $997 million reported a year earlier.

The result beat a VA estimate of $1.02 billion.

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