QBE Insurance reports 35% jump in H1 profit

Credit: REUTERS/Mick Tsikas

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

Aug 15 (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 A$520 million ($351.05 million) from A$385 million a year ago.

($1 = 1.4813 Australian dollars)

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

((rushil.dutta@thomsonreuters.com; +91-80-6749-1130; Reuters Messaging: rushil.dutta.thomsonreuters.com@reuters.net))

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