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AUSTRALIA'S QBE ANNOUNCES RECORD 2004 PROFIT & INCREASED DIVIDEND.

Publication: AsiaPulse News

Publication Date: 24-FEB-05
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COPYRIGHT 2005 Asia Pulse Pty Ltd

(Full text of statement. Contact details below.)

SYDNEY, Feb. 24 /MediaNet-International-AsiaNet/ --

The directors of QBE Insurance Group today announced a record operating profit after tax of $820 million for the year ended 31 December 2004, up 43% on last year. Pre-tax profit was up 41% to $1,080 million. Fully-diluted earnings per share increased 35% to 104.5cents and the return on average...

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