News Headline Summary
QBE Insurance Group (QBE AT) says QBE advises its preliminary estimate of retained losses from superstorm Sandy will be in the range of USD 350mln to USD 450mln
- Revised its projected insurance profit margin to around 8% for 2012.
- Now expects to report a net profit after tax before amortisation in excess of USD 1000mln for the year to 31st December 2012, an increase of around 30% compared with 2011.
Reaction details (23:08)
- Co. shares fall 8.5% at the open of the ASX200, following the pre-market news.
11 Nov 2012 - 22:47
Subscribe Now to
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts