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QBE Makes US$1.5 Billion Annual Loss, Pays No Dividend — Update morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones By Alice Uribe SYDNEY QBE Insurance Group Ltd. has logged a full-year net loss driven by a significant reduction in investment income, impairment of goodwill and deferred tax assets in North America. The general insurer reported a statutory net loss of US$1.5 billion for the 12 months through December, compared to a US$550 million profit a year earlier. QBE, which issued an estimate of its headline fiscal 2020 results in December, also reported a US$863 million adjusted cash loss for fiscal 2020, down on a profit of US$733 million the year before. While obviously very disappointed with the headline loss, premium momentum accelerated across 2020 and has continued into 2021, said Interim Chief Executive Richard Pryce. Coupled with the improved positioning of the underlying business, we enter this year with confidence and optimism. ....
ANZ Records Jump in 1Q Cash Earnings morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Comunidades digitales, en la mira del Museo del Oro para el 2021 elnuevosiglo.com.co - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elnuevosiglo.com.co Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones By Alice Uribe SYDNEY ASX Ltd., Australia s dominant securities exchange, reported lower half-year profit even as operating revenue climbed 3.4% due to a rise in listings and issuer services supported by capital raisings and elevated issuer activity. Net profit fell by 3.4% to 241.8 million Australian dollars (US$186.7 million) in the six months through December compared to the same period a year before. Operating revenue grew to A$470.5 million. As expected, the challenges arising from Covid were felt during the half and are likely to continue for at least the short term, Chief Executive Dominic Stevens said. ASX s expenses rose by 8.2%, slightly above guidance, he said. ....