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QBE sees 36% rise

QBE Insurance group has recorded operating profit after tax of $1,483m for the year ended 31 December 2006, an increase of 36% over the previous corresponding year.

Diluted earnings per share increased by 32% to 173 cents and return on equity was 26.1% compared with 23.9% in 2005. Gross written premium was up 10% to $10.4bn and net earned premium was also up 10%

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