QBE qbe insurance group limited

News: QBE QBE Insurance Says Expects FY24 Group Combined Operating Ratio Of 93.5%

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    May 10 (Reuters) - QBE Insurance Group Ltd (QBE) :

    • GROUP CLAIMS EXPERIENCE THROUGH YEAR TO DATE IS TRACKING BROADLY IN LINE WITH PLAN ASSUMPTIONS
    • SEES FY24 GROUP COMBINED OPERATING RATIO OF 93.5%
    • GROWTH IN GROSS WRITTEN PREMIUM CONTINUED IN 1Q24, UP 2% ON THE PRIOR CORRESPONDING PERIOD
    • IN FOUR MONTHS TO APRIL 2024, THE NET COST OF CATASTROPHE CLAIMS IS AROUND $300M
    • AS AT QUARTER END, TOTAL INVESTMENT FUM FOR 1Q24 WAS $30.3 BILLION
    • SEES FY24 CONSTANT CURRENCY GROSS WRITTEN PREMIUM GROWTH IN MIDSINGLE DIGITS
    • CONFIRMS FULL YEAR OUTLOOK
    • QBE CURRENTLY ESTIMATES CROP GROSS WRITTEN PREMIUM WILL BE AROUND $3.9B IN FY24

    (([email protected];))

 
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