Success!
To simplify mightily, QBE raised premiums 9.7% and grew the overall business 20%. ROE of 11.9%. Last HY insurance loss of ($US584) becomes a profit of $US674 - a stellar turnaround of $US1258m.
It made a very modest 0.4% on invested assets, the best possible on an investment portfolio almost entirely in fixed interest. Its recovery was always dependent on premium increases, which it has done with steely determination while retaining customers.
The dividend of 11Ac will go down a treat.
Ash
Ann: 2021 Half Year Results Presentation, page-2
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add QBE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$16.79 |
Change
0.000(0.00%) |
Mkt cap ! $25.22B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 12569 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.95 | 12022 | 1 |
View Market Depth
| Last trade - 09.58am 23/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |
Day chart unavailable