QBE 0.89% $16.94 qbe insurance group limited

I am not an accountant. However, in your example 92 is the PV...

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    I am not an accountant. However, in your example 92 is the PV now. When the claim is actually paid (say one year later) there will be one year less of discounting so the PV will be higher in one year's time. In the meantime you have earned 5 in interest. If the discounting rate and the earnings rate are the same they will balance each other out, but in fact there will normally be some difference.
 
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