QBE takes a hit to spread the pain of CV-19. It says it already provisioned for this as part of the foreshadowed $1.5 billion loss. It is, nonetheless, a loss.
New policies will have tighter wording, pandemic cover will be explicitly included or excluded. Insured parties will want cover for a 1 in a 100 year event and will pay for it. Should be a good little earner in the future.
Commenters are muttering about the risk of a cap raise on the other thread. That would really tank the share price. I noted there QBE's modestly increased risk appetite, taken in full expectation of this UK legal decision and with consent of regulators. I read that as QBE having enough capital post-loss to meet its obligations. A reasonable insurance year will restore its fortunes in full - dividends and the share price will follow.
Ash
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Last
$16.81 |
Change
-0.205(1.21%) |
Mkt cap ! $25.41B |
Open | High | Low | Value | Volume |
$17.01 | $17.13 | $16.72 | $45.31M | 2.678M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 3477 | $16.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.81 | 8305 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 7451 | 16.790 |
24 | 6650 | 16.780 |
10 | 4914 | 16.770 |
9 | 3631 | 16.760 |
11 | 12577 | 16.750 |
Price($) | Vol. | No. |
---|---|---|
16.810 | 13921 | 16 |
16.820 | 6189 | 14 |
16.830 | 4320 | 11 |
16.840 | 6257 | 9 |
16.850 | 2913 | 6 |
Last trade - 13.41pm 18/07/2024 (20 minute delay) ? |
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