QBE reveals $245m weather hit, but profit in line with expectation
QBE has announced that its 2010 net profit after tax in line with market expectations after a record underwriting profit but a lower insurance margin from continuing low interest yields in the US and UK.
The insurance group added it expects to report improved net profit after tax in the second half compared with the same period last year, and to be in line with market consensus of around US$1.28 bn (
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