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…
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