Dec 11 (Reuters) - QBE Insurance Group Ltd (QBE) :
- UPDATES ON PORTFOLIO SIMPLIFICATION, 2019 REINSURANCE RENEWAL AND A THREE-YEAR OPERATIONAL EFFICIENCY INITIATIVE
- ANNOUNCES 3- YEAR OPERATIONAL EFFICIENCY PROGRAM TARGETING NET COST SAVINGS OF $130 MILLION, EXPENSE RATIO OF AROUND 14% IN 2021
- COMPLETED GROUP’S PORTFOLIO SIMPLIFICATION AGENDA WITH SALE OF ITS INSURANCE OPERATIONS IN PUERTO RICO, INDONESIA AND PHILIPPINES
- 1:20 AND 1:200 YEAR PROBABLE MAXIMUM LOSS FOR NORTH AMERICAN HURRICANE WILL FALL BY AROUND 20% AND 25% RESPECTIVELY
- QBE HAS FULLY PLACED ITS 2019 REINSURANCE PROGRAM, WHICH IS EXPECTED TO SAVE AROUND $125 MILLION IN REINSURANCE COSTS
- "REMAIN CONFIDENT OF ACHIEVING AN IMPROVED COMBINED OPERATING RATIO AND HIGHER OVERALL PROFITABILITY IN 2019 COMPARED WITH 2018"
- 1:20 & 1:200 YEAR PROBABLE MAXIMUM LOSS FOR AUSTRALIAN CYCLONE EVENTS WILL FALL BY AROUND 20% AND 35% RESPECTIVELY
- FEATURES OF GROUP'S 2019-2021 OPERATIONAL EFFICIENCY PROGRAM INCLUDE MORE THAN $200M IN GROSS COST SAVINGS BY 2021
- ABOVE $200M GROSS COST SAVINGS BEFORE UNDERLYING INFLATION & FURTHER INVESTMENT IN BRILLIANT BASICS PROGRAM, TECH & DIGITISATION
- 2019 CATASTROPHE PROGRAM SIGNIFICANTLY REDUCES PROBABLE MAXIMUM LOSS
- FEATURES OF GROUP'S OPERATIONAL EFFICIENCY PROGRAM ALSO INCLUDES AROUND $95 MILLION OF RESTRUCTURING COSTS INCURRED OVER 2019-2020
- "REFLECTING STRENGTHENED CATASTROPHE PROTECTION, NEW STRUCTURE DELIVERS A MODEST UPLIFT IN BOTH OUR S&P & APRA CAPITAL RATIOS"
Dec 11 (Reuters) - QBE Insurance Group Ltd (QBE) : UPDATES ON...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$20.82 |
Change
0.260(1.26%) |
Mkt cap ! $31.43B | |||
| Open | High | Low | Value | Volume |
| $20.70 | $21.03 | $20.51 | $42.04M | 2.017M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16075 | $20.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.82 | 2745 | 2 |
View Market Depth
| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| QBE (ASX) Chart |