Insurance Post

QBE bounced back to profit in 2014; GWP fell 9%

john-neal

Australian giant QBE secured an after tax profit of $742m (£480m) in 2014 after seeing a pre-tax loss of $254m in 2013 but missed profit expectations.

Shares in QBE on the ASX fell by over 4% on Tuesday morning after announcing its full year results as the insurer missed its insurance profit margin target of 8% to 9% at 7.6%. However, the shares

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