QBE qbe insurance group limited

News: QBE QBE Insurance Group Says Growth In GWP Remained Strong In 3Q22, Up 6%

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    Nov 21 (Reuters) - QBE Insurance Group Ltd (QBE) :

    • PERFORMANCE UPDATE
    • GROWTH IN GROSS WRITTEN PREMIUM REMAINED STRONG IN 3Q22, UP 6% ON PCP
    • IN THE YEAR TO SEPTEMBER, GROUP GROSS WRITTEN PREMIUM GROWTH WAS 12% ON THE PRIOR PERIOD
    • TO OCTOBER, NET COST OF CATASTROPHE CLAIMS IN SECOND HALF IS TRACKING AT A$430M
    • EXPECT FY22 GROUP COMBINED OPERATING RATIO OF AROUND 94%
    • CONTINUES TO EXPECT FY22 GROUP CONSTANT CURRENCY GROSS WRITTEN PREMIUM GROWTH OF AROUND 10%
    • EXPECTS TO STRENGTHEN LONG TAIL RESERVES IN H2 TO BUILD RESILIENCE FOR MORE PROLONGED INFLATIONARY ENVIRONMENT
    • CHALLENGING OPERATING CONDITIONS HAVE PERSISTED INTO THE SECOND HALF
    • HIGHER THAN EXPECTED CATASTROPHE COSTS INTRODUCED SOME RISK TO ORIGINAL FY OUTLOOK
    • EXPECT SUPPORTIVE PREMIUM RATE ENVIRONMENT SHOULD CONTINUE INTO 2023
 
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Last
$22.67
Change
0.140(0.62%)
Mkt cap ! $34.24B
Open High Low Value Volume
$22.50 $22.73 $22.48 $7.057M 312.4K

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No. Vol. Price($)
25 1798 $22.66
 

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Price($) Vol. No.
$22.67 150 9
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