QBE Insurance Group
(ASX:QBE) has recorded a net profit of $455 million in its half year results in the financial year ended June 30 2015.
The result is a 16 per cent increase on last year’s figure of $392 million.
The insurance giant says it will continue with its transformation program and will take further action this year to reduce costs.
QBE says its interim dividend is up 33 per cent to 20 cents, compared to 15 cents last year.
The dividend is expected to be fully franked in 2015 and 2016.
