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AAP

Business

Poppy Johnston

FOUND: Qbe doubles half year net profit to us802 million - What They Never Told You

QBE Insurance

Insurance company QBE has reported a first-half profit of $US802 million ($A1.2 billion). (Luis Enrique Ascui/AAP PHOTOS)

Insurance giant QBE has doubled its profit in the six months to June 30, supported by fewer catastrophe costs and investment income.

The company reported a first-half profit of $US802 million ($A1.2 billion), compared with $US400 million for the prior period, and bolstered its interim dividend to 24c, up from 14c in the 2023 period.

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