April 14 (Reuters) - QBE Insurance Group Ltd (QBE) :
- TO LIFT REGULATORY CAPITAL FROM 1.6X PCA CURRENTLY TO AROUND 1.9X
- LAUNCHES A FULLY UNDERWRITTEN US$750M INSTITUTIONAL PLACEMENT
- PREMIUM RATE MOMENTUM AND UNDERLYING PREMIUM GROWTH ACCELERATED DURING 1Q20
- LAUNCHES A NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE UP TO US$75M
- PLACEMENT WILL BE CONDUCTED AT A$8.25 PER NEW SHARE
- QTRLY GROSS WRITTEN PREMIUM US$4,533M
- PLACEMENT WILL RESULT IN ABOUT 145.5 MILLION NEW SHARES BEING ISSUED, OR ABOUT 11.1% OF ISSUED CAPITAL
- 1Q GROSS WRITTEN PREMIUM INCREASED BY MORE THAN 9% TO US$4,533M
- NONE OF GROUP'S RETAINED CREDIT IS TRADING DISTRESSED
- CURRENT PCA MULTIPLE INCLUDES ABOUT US$350M OF UNREALISED CREDIT SPREAD LOSSES THAT ARE EXPECTED TO UNWIND
- CAPITAL PLAN WILL POSITION QBE TO WITHSTAND A RANGE OF SEVERE ECONOMIC AND INVESTMENT MARKET DOWNSIDE SCENARIOS
Source text https://reut.rs/34AhIRF
(([email protected];))
April 14 (Reuters) - QBE Insurance Group Ltd (QBE) : TO LIFT...
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Last
$22.90 |
Change
0.150(0.66%) |
Mkt cap ! $34.51B | |||
| Open | High | Low | Value | Volume |
| $22.52 | $22.92 | $22.52 | $26.10M | 1.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 909 | $22.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.91 | 1409 | 13 |
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| Last trade - 15.58pm 29/07/2025 (20 minute delay) ? |
| QBE (ASX) Chart |