News: QBE QBE Insurance Group Sees Weather-Impacted 2019 North American Crop Result

Dec 18 (Reuters) - QBE Insurance Group Ltd (QBE) :

• ANTICIPATE THAT GROUP'S H1 COMBINED OPERATING RATIO COULD BE SLIGHTLY ABOVE TOP END OF 2019 TARGET RANGE OF 94.5% - 96.5%
• QBE ANTICIPATES A 2020 NET INVESTMENT RETURN TARGET RANGE OF 2.5% - 3.0%, DOWN FROM 3.0% - 3.5% IN CURRENT YEAR
• SEES ADVERSE WEATHER CONDITIONS TO ADD TO SLIGHTLY HIGHER ATTRITIONAL LOSS EXPERIENCE IN 2019 FOR SOME NORTH AMERICAN PROPERTY CLASSES
• N. AMERICAN CROP INSURANCE BUSINESS LIKELY TO REPORT 2019 CURRENT ACCIDENT YEAR COMBINED OPERATING RATIO OF AROUND 107% - 109% ON NEP OF $1.2BLN

Source text https://reut.rs/2PZK5le

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