QBE's results 'well short of expectations', says chairman
QBE has succumbed to a loss of $254m (A$281m) for the full year 2013 compared to a net profit of $761m in 2012.
Gross written premium declined from $18.43bn in 2012 to $17.98bn last year and QBE's insurance profit fell 33% for the year to $841m.
QBE's combined operating ratio deteriorated to 97.8% from 97.1% in
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