O’Halloran's capital QBE legacy

Frank O’Halloran's legacy won't be marred by today's unpleasant QBE result, which still saw the insurer outperform most of its industry.

Today’s results – a 45 per cent slump in earnings and a decimated dividend – were in line with the shock update QBE gave the market last month but with another unpleasant twist. At a point where QBE’s share price is at levels not seen since the aftermath of September 11, QBE is raising up to $600 million of new capital through an institutional placement of $450 million and a retail share purchase plan.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles