QBE Insurance Group Limited
(ASX:QBE) says that it is well positioned to continue delivering on its targets despite the recent battering to its share price.
The insurance giant says it is a truly global investment and it will continue to perform in challenging market conditions with plans to raise its dividend payout ratio to 65 per cent of cash profits.
The company says it’s on track for full year guidance despite the prospect of a further drop in premium prices due to strong competition in the marketplace.
QBE reported a net profit of $949 million for the six months to the end of December 2015.
