It makes me laugh that traders can make their buy/sell decisions for an insurance company on charting trends. There are two crucial aspects to what the profitability of an insurance company will be:
- The first is underwriting profits; that is, the relationship between claims and the premiums set on the assessed risk before events happen
- The other very important feature is the rate of return that can be achieved on invested reserves
The first of these is largely random although there does seem to be a cluster effect to some extent in the occurance of 'disaster years'. How has the claims in the last year compared with QBE's risk allowance? I have no idea.
The second is poor right now because of the very low yields available since the GFC and it looks like these will continue for some time yet.
However, I do believe QBE management do their job as well as almost any insurance company in the world. The company will recover.
charts and trends
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Last
$16.74 |
Change
-0.300(1.76%) |
Mkt cap ! $25.17B | |||
| Open | High | Low | Value | Volume |
| $16.98 | $17.08 | $16.70 | $14.91M | 885.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 63 | $16.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.75 | 5183 | 18 |
View Market Depth
| Last trade - 14.32pm 08/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |