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 News21 hours agoTributes for woman allegedly mowed down on footpath in Maroochydore; Guilherme Dal Bo charged
-
General14 hours agoTwo people arrested after man fatally shot at McLaren Flat
-
General18 hours agoMan refused bail charged with depicting Adolf Hitler and Nazi symbols on boat
-
General19 hours agoJapan’s exports rise as shipments to the US bounce back