Just searched their annual report:
"The probability of adequacy (PoA) of net
outstanding claims reduced to 91.7% from
92.5% at 31 December 2020 but remains
comfortably above the midpoint of the
Group’s 87.5%–92.5% target range."
So slight decrease which means the IBNR strengthening isn't sandbagging. Although not sure why it references 2020 and not 2021 in the annual report.
Ann: Presentation of QBE FY21 Results, page-13
-
- There are more pages in this discussion • 8 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¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 14607 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.95 | 12022 | 1 |
View Market Depth
| Last trade - 10.02am 23/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |
Day chart unavailable