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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$16.39 |
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Mkt cap ! $24.62B |
Open | High | Low | Value | Volume |
$16.42 | $16.66 | $16.34 | $43.71M | 2.660M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1326 | $16.38 |
Sellers (Offers)
Price($) | Vol. | No. |
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$16.40 | 1479 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1326 | 16.380 |
2 | 127739 | 16.350 |
2 | 13860 | 16.340 |
1 | 5525 | 16.330 |
2 | 9947 | 16.320 |
Price($) | Vol. | No. |
---|---|---|
16.450 | 4953 | 1 |
16.460 | 14466 | 1 |
16.470 | 15792 | 4 |
16.480 | 14466 | 1 |
16.490 | 15466 | 2 |
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