Business
QBE withholds dividends after monster $2b loss – The Australian Financial Review
Insurance giant QBE has withheld a dividend payout and posted a $2 billion loss as a nightmare combination of bad events including COVID-19 and wild weather ate…
Insurance giant QBE has withheld a dividend payout and posted a $2 billion loss as a nightmare combination of bad events including COVID-19 and wild weather ate into earnings.
The decision to not pay any dividend contrasts with two Australian-based insurers, Suncorp and IAG, which have a large domestic focus, shooting out meek payouts to investors this year.
Remains of a caravan after fires at in 2020. Rachel Mounsey
But Sydney-based QBE dangled out the prospect of payouts to come. Subject to global…
-
Noosa News23 hours agoMitch Power Quick Shear event gets men talking about mental health
-
Noosa News18 hours ago‘Shocked’ Labor calls in corruption watchdog over CFMEU report
-
Noosa News23 hours agoReport into Queensland CFMEU branch leaves many questions unanswered
-
General23 hours agoAccused of Antisemitism: Herald Sun, Israel lobby v Dandenong Clr Rhonda Garad