By Stuart Condie


SYDNEY--QBE Insurance lifted its interim dividend after reporting a first-half net profit of $400 million.

The Australian insurer said Thursday net profit for the six months through June 30 rose from a restated $48 million a year earlier. Gross written premium rose 11% to $12.80 billion and net insurance revenue rose 8.9% to $7.98 billion.

On an adjusted basis, net cash profit rose to $405 million from $66 million.

The board declared a dividend of 14 Australian cents (9.1 U.S. cents) per share, compared with 9.0 Australian cents a year earlier.


Write to Stuart Condie at stuart.condie@wsj.com


(END) Dow Jones Newswires

08-09-23 1850ET