QBE have stated in their investment presentation dated 14 April (page 8) associated with capital raising that impact from Covid19 will be modest, for example business continuation insurance claims specifically excludes Pandemics.
In any event, gross written premiums are rising, balance sheet now very strong, and investment risk associated with equities is removed. You will likely see dividends reduced a little with less or no franking but otherwise the investment case for QBE is solid and relatively safe.
You will see risk of course in major events, tornadoes etc but balance sheet will provide cover. Expect also lower car insurance claims will be good news.
Most analysts value QBE north of $10.00. Given also QBE is trading at near historic lows going back some 20 years, a reasonable investor would welcome some exposure to this stock going forward.
QBE have stated in their investment presentation dated 14 April...
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Last
$16.96 |
Change
-0.250(1.45%) |
Mkt cap ! $25.56B | |||
| Open | High | Low | Value | Volume |
| $17.06 | $17.10 | $16.91 | $11.17M | 656.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1970 | $16.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.96 | 3322 | 12 |
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| Last trade - 12.41pm 01/11/2024 (20 minute delay) ? |
| QBE (ASX) Chart |