QBE full-year profit slides

North American operations to weigh on insurer, global transformation strategy on track.

QBE Insurance Group (QBE) has posted a steep full-year loss as its North American operations continue to weigh, however the insurer says its global transformation strategy is progressing well.

In the year to December 31, QBE posted a loss of $US254 million, a steep 133% decline on the $US761 million profit posted in the prior year.


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