July 19 (Reuters) - QBE Insurance Group Ltd (QBE) :
- QBE ANNOUNCES IMPACT OF AUSTRALIAN PRICING PROMISE REVIEW-QBE.AX
- BEEN INVESTIGATING PRICING PRACTICES DATING BACK SEVERAL YEARS, ACROSS A NUMBER OF DIFFERENT POLICY ADMINISTRATION SYSTEMS & PRODUCTS
- HAS IDENTIFIED INSTANCES WHERE POLICY PRICING PROMISE WAS NOT FULLY DELIVERED
- TO RECORD PROVISION IN 1H22 TO ACCOUNT FOR EXPECTED CUSTOMER REMEDIATION, INTEREST PAYABLE, OTHERS OF $75M BEFORE TAX
- WORKING PROMPTLY TO CLOSE OUT OUR PROCESS, AND REMEDIATE IMPACTED CUSTOMERS
- PROVISION IN H122 WILL BE EXCLUDED FROM MANAGEMENT BASIS UNDERWRITING RESULT
News: QBE QBE Insurance Group Announces Impact Of Australian Pricing Promise Review
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Last
$22.67 |
Change
-0.080(0.35%) |
Mkt cap ! $34.19B | |||
| Open | High | Low | Value | Volume |
| $22.52 | $22.75 | $22.52 | $7.865M | 347.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 124 | $22.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.68 | 1212 | 14 |
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| Last trade - 14.19pm 29/07/2025 (20 minute delay) ? |
| QBE (ASX) Chart |