Without returns on the insurance float, the whole sector is significantly more risky. Therefore my required margin of safety increases.
Increasing premiums is intelligent like you said, but reality is insurance is a commoditized product offering, all you need is a few reckless insurers being cowboys and chasing sales growth and the whole industry suffers.
Second yes, QBE can not chase the sale, but they still have overhead costs, so its not a zero cost when they loose sales.
Without returns on the insurance float, the whole sector is...
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Last
$16.86 |
Change
0.070(0.42%) |
Mkt cap ! $25.42B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.05 | $16.85 | $39.77M | 2.346M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1386 | $16.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.87 | 3414 | 11 |
View Market Depth
| Last trade - 15.51pm 23/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |