QBE Group saw its profits double to A$572m (£237.7m) for the year ending 31 December 2003, up from A$279m for 2002, with pre-tax profit increasing 146% to A$765m.
Insurance profit increased by half, said QBE, up from A$406m for 2002 to A$627m. Gross written premium grew by 8% to A$8.3bn with net earned premiums up 7% on 2002 to A$6.04bn.
Within QBE's European operations, gross written premiums grew by 9% to A$2.44bn, with net earned premium up 10% to A$1.9bn. In sterling, the premium growth rates were 17% and 23% respectively, said QBE.
The combined ratio for the group was 93.8%, compared with 97.7% for 2002.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
