QBE Insurance Group
(ASX:QBE) has reported its net profit attributable to shareholders surged 30 per cent $345 million, in the half year to 30 June 2017.
The global insurer’s revenue from ordinary activities firmed 5 per cent higher to $8.3 billion over the six months.
The stronger revenue and profits came on the back of a rise in its gross and net earned premiums.
The company says it plans to activate its $1 billion 3-year cumulative on-market, share buyback program in the second half of 2017.
QBE declared an interim dividend of 22 cents per share, 30 per cent franked.
Shares in QBE Insurance Group
(ASX:QBE) last traded about 1.9 per cent higher yesterday to $12.02