Australia’s QBE Insurance surpasses profit expectations, with adjusted net profit of $997 million for first half of fiscal 2025. Gross written premiums rise 5.9% to $13.82 billion, while combined operating ratio improves to 92.8%. Lower catastrophe claims of $479 million lead to net claims ratio decrease to 62.8%. Investors cautious, shares close 8.8% lower. Analysts warn of sustainability concerns. Interim dividend raised to 31 Australian cents per share.

Read more at Yahoo Finance: QBE Insurance’s interim profit tops estimates on premium growth, lower claims