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QBE splits off Asia-Pacific, Latin American results

QBE will separately report results from its Asia-Pacific and Latin American operations in its annual earnings release next Monday.

It follows the decision announced last August to separate the emerging markets division and revert to the two regional segments, after a blowout in the combined operating ratio.

The insurer is reviewing the Latin American operations, with some analysts saying a sale is likely.

Asia-Pacific underwriting profit was $US27 million ($34.3 million) in 2016, and Latin America posted a $US21 million loss ($26.7 million), according to historical results released to reflect the new structure.