QBE records 26% increase in insurance profit in H1 2012
QBE Insurance Group made an insurance profit of $965m for the first half of the year ended June 2012, an increase of $203m on 2011.
Net profit after income tax increased by $87m to $760m, and gross written premiums were stable at $9.2bn (2011: $9bn). However, cash flow from operations fell to $842m from $1.1bn.
Net earned premium
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