QBE 0.68% $16.39 qbe insurance group limited

News: QBE QBE Insurance Group Expects Weather-Impacted 2019 North American Crop Result

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    Dec 18 (Reuters) - QBE Insurance Group Ltd (QBE) :

    • ANTICIPATE THAT GROUP'S COMBINED OPERATING RATIO COULD BE SLIGHTLY ABOVE TOP END OF 2019 TARGET RANGE OF 94.5%-96.5%
    • QBE ANTICIPATES A 2020 NET INVESTMENT RETURN TARGET RANGE OF 2.5%-3.0%, DOWN FROM 3.0%-3.5% IN CURRENT YEAR
    • SEES ADVERSE WEATHER CONDITIONS TO ADD TO SLIGHTLY HIGHER ATTRITIONAL LOSS EXPERIENCE IN 2019 FOR SOME NORTH AMERICAN PROPERTY CLASSES
    • N. AMERICAN CROP INSURANCE BUSINESS LIKELY TO REPORT 2019 CURRENT ACCIDENT YEAR COMBINED OPERATING RATIO OF AROUND 107% - 109% ON NEP OF $1.2BLN
 
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