Company Profile For QBE Insurance Group Limited

QBE Insurance Group Ltd. is engaged in underwriting general insurance and reinsurance risks, management of Lloyd’s syndicates and investment management. The Company’s Australian operations primarily underwrites general insurance risks throughout Australia providing all lines of insurance cover for personal and commercial risks. Its Asia Pacific operations provides personal, commercial and specialist general insurance covers throughout the Asia Pacific region. Its European operations comprises QBE Insurance Europe and QBE Underwriting Limited (Lloyd’s division). QBE Insurance Europe writes insurance business in the United Kingdom, Ireland and mainland Europe, and reinsurance business in Ireland. In October 2008, PMI Group, Inc. sold its mortgage insurance subsidiary and related Australian holding company to QBE Insurance Group Ltd. In September 2009, Elders Limited completed the sale of its insurance operations to QBE Insurance Group Ltd.

BRIEF: For the six months ended 30 June 2009, QBE Insurance Group Limited's revenues increased 22% to A$8.56B. Net income increased 19% to A$1.02B. Revenues reflect increased premium earned, higher net fair value gains on financial assets and an increase in gain on sale of controlled entities. Net income was partially offset by an increase in other expenses and an increase in outward reinsurance premium expense.

QBE Insurance Group Limited
Level 2, 82 Pitt Street
Sydney   NSW   2000
P: +612.93754444
F: +612.92316104

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