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Reuters
Reuters
Business

Australia's QBE Insurance reports 35% jump in first-half profit

FILE PHOTO: A man pauses in front of a QBE Insurance logo at the company's headquaters in central Sydney February 28, 2011. REUTERS/Tim Wimborne

(Reuters) - Australia's QBE Insurance Group <QBE.AX> said on Thursday its first-half fiscal 2019 cash profit rose 35%, helped by lower claims losses and robust investment return.

The country's third-largest listed insurer's cash profit for the six months ended June 30 rose to $520 million from $385 million a year ago.

(This story corrects paragraph 2 to show figures are in U.S. dollars, not Australian dollars, removes currency conversion)

(Reporting By Rushil Dutta in Bengaluru; Editing by Maju Samuel)

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