Yes!
I have been rabbiting on about the need for steely resolve to raise premiums in a nil interest environment or go out of business - the dilemma for insurers is that stark.
QBE GWP +21% in the year: 1H +9.7%, 2H +9.7%
And QBE hung onto its customers, demonstrating real pricing power.
The share price of this old girl had been falling for 15 years. Now it has restored its fortunes and can grow again.
The SP moved ahead of this result, so may fluff around this point now for a while. Yet I firmly believe further strong rises lie ahead, based on solid prospects.
Ash
Ann: Presentation of QBE FY21 Results, page-2
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Last
$16.88 |
Change
0.090(0.54%) |
Mkt cap ! $25.42B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.05 | $16.85 | $37.74M | 2.226M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 1844 | $16.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.89 | 4388 | 25 |
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| QBE (ASX) Chart |