An insurer's reinsurance program offers useful insights into how healthy it is and its risk appetite.
It all looks odd and mysterious to average investors, as though the insurer is trying to pull wool over our eyes, when in fact it is trying to do exactly the opposite.
Very broadly, QBE has modestly increased its risk appetite, the proportion of insurance it bears itself. This also increases QBE's potential profits (and losses) as reinsurance is expensive.
It does this after foreshadowing a $1.5b loss on 28 December. My comments then: https://hotcopper.com.au/posts/49676360/single. and https://hotcopper.com.au/posts/49727187/single
Many anticipated a big share price downgrade on that news, even me.
Today's announcement shows QBE, regulators and reinsurers all comfortable with its exposures. We will soon see if insurance analysts feel the same.
Insurance may be dull work, yet i do like the diversification it offers my portfolio, provided I am rewarded for risk.
Ash
- Forums
- ASX - By Stock
- Ann: QBE finalises 2021 reinsurance program
An insurer's reinsurance program offers useful insights into how...
-
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QBE (ASX) to my watchlist
(20min delay)
|
|||||
Last
$16.39 |
Change
0.110(0.68%) |
Mkt cap ! $24.67B |
Open | High | Low | Value | Volume |
$16.11 | $16.47 | $16.07 | $55.25M | 3.374M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14975 | $16.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.40 | 5185 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 14975 | 16.360 |
1 | 13647 | 16.350 |
1 | 13647 | 16.340 |
2 | 39851 | 16.330 |
1 | 5775 | 16.320 |
Price($) | Vol. | No. |
---|---|---|
16.400 | 5185 | 1 |
16.420 | 105288 | 3 |
16.430 | 7777 | 1 |
16.440 | 13647 | 2 |
16.450 | 20160 | 4 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
QBE (ASX) Chart |