A well run insurance company is worth investing in. (Yes, I know there have been corporate disasters in insurance).
Many industries are susceptible to disruption, decline, obsolescence ... you name it.
Insurance is not one of those businesses.
In the world we live in, the insurance business model is perpetual. Simply speaking, it's hard to imagine a world without insurance.
Its also, long-term, a profitable business. Don't forget that it is insurance which has driven Warren Buffett's empire.
Therefore, if you believe, as I do, that QBE is a well run insurance company AND you are prepared for the occasional bumpy ride, the trick is to have QBE permanently on your shopping list. Sometimes you buy well, sometimes you buy one month before the GFC, but luck evens out and you end up with the long-term averages which are OK.
7 reasons to buy QBE shares, page-14
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Last
$18.05 |
Change
0.400(2.27%) |
Mkt cap ! $27.11B | |||
| Open | High | Low | Value | Volume |
| $17.95 | $18.06 | $17.84 | $175.5M | 9.796M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25956 | $17.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.05 | 36322 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| QBE (ASX) Chart |