From the ABS CPI Monthly Consumer Price Indicator May 2024:
Insurance prices rose 14.0% in the 12 months to May, down from a rise of 16.5% to April which was the highest annual rise since the beginning of the monthly CPI indicator. Higher reinsurance, natural disaster and claim costs continue to contribute to higher premiums for motor vehicle, house and home contents insurance over the last 12 months.
https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/monthly-consumer-price-index-indicator/latest-release
_______________________________________________
As you can see, insurance price rises continue above general inflation. This augurs well for QBE's results due 9 August.
The ABS indicates reinsurance costs are significantly higher. While QBE also has inbound Re, there is no certainty this is at a similar level.
Although I disagree with Dale's fact-free thesis that QBE will hit $19 this week, the business is well placed to produce a bumper result to 30 June.
Divvy should be tasty.
Ash
- Forums
- ASX - By Stock
- QBE
- Ann: NA middle-market strategic review and 1H24 performance
Ann: NA middle-market strategic review and 1H24 performance, page-14
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add QBE (ASX) to my watchlist
|
|||||
Last
$16.08 |
Change
0.150(0.94%) |
Mkt cap ! $24.15B |
Open | High | Low | Value | Volume |
$15.93 | $16.16 | $15.88 | $60.39M | 3.753M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3681 | $16.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.09 | 18393 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 125 | 16.000 |
1 | 787 | 15.890 |
2 | 163 | 15.850 |
1 | 135 | 15.840 |
1 | 1200 | 15.820 |
Price($) | Vol. | No. |
---|---|---|
16.090 | 501 | 1 |
16.150 | 1586 | 2 |
16.190 | 1000 | 1 |
16.200 | 899 | 2 |
16.230 | 4000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
QBE (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online