Original article by Ruth Liew
The Australian Financial Review – Page: 15 & 22 : 25-Feb-15
QBE Insurance Group has posted a 2014 profit of $US742m ($A950m), following a loss of $US254m previously. Revenue was six per cent lower at $US18.23bn, while it boasted an insurance profit margin of 7.6 per cent. QBE will gain $US95m from the sale of its workers’ compensation business in Argentina, which follows asset sales in 2014. Shareholders will receive a final dividend of $A0.22 per share
CORPORATES
QBE INSURANCE GROUP LIMITED – ASX QBE, STEADFAST GROUP LIMITED – ASX SDF, WESTPAC BANKING CORPORATION – ASX WBC, GENWORTH MORTGAGE INSURANCE AUSTRALIA LIMITED – ASX GMA, NIKKO ASSET MANAGEMENT GROUP