June 19 (Reuters) - QBE Insurance (QBE) :
- SEES 1H24 GROSS WRITTEN PREMIUM IS EXPECTED TO BE $13.1B
- STRATEGIC REVIEW OF NORTH AMERICA MIDDLE-MARKET
- HAS DETERMINED IT WILL COMMENCE AN ORDERLY CLOSURE OF ITS NORTH AMERICA MIDDLE-MARKET SEGMENT
- QBE HAS DETERMINED IT WILL COMMENCE AN ORDERLY CLOSURE OF ITS NORTH AMERICA MIDDLE-MARKET SEGMENT
- WILL BEGIN NON-RENEWING MIDDLE-MARKET POLICIES ACCORDING TO APPLICABLE STATE REGULATIONS, WITH GROSS WRITTEN PREMIUM EXPECTED TO BEGIN REDUCING IN FY24
- RESTRUCTURING CHARGE OF $100M BEFORE TAX WILL BE RECORDED IN THE FY24 RESULT TO ACCOUNT FOR COSTS ASSOCIATED WITH BUSINESS CLOSURE
- CONTINUES TO EXPECT FY24 GROUP CONSTANT CURRENCY GROSS WRITTEN PREMIUM GROWTH IN MID-SINGLE DIGITS
- SEES TOTAL INVESTMENT INCOME IN FIVE MONTHS TO MAY-2024 WAS $643M, WHICH IMPROVED FROM $406M IN 1Q24
(([email protected];))
News: QBE QBE Insurance Sees 1H24 Gross Written Premium $13.1B
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Last
$21.62 |
Change
0.190(0.89%) |
Mkt cap ! $32.67B | |||
| Open | High | Low | Value | Volume |
| $21.85 | $21.85 | $21.49 | $49.27M | 2.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1580 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 1383 | 17 |
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