QBE qbe insurance group limited

News: QBE QBE Insurance Posts FY Adjusted Net Cash Profit After Tax $847 Million

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    Feb 17 (Reuters) - QBE Insurance (QBE) :

    • EXPECT GROSS WRITTEN PREMIUM GROWTH TO BE IN MID-TO-HIGH SINGLE DIGITS IN 2023
    • FY ADJUSTED NET CASH PROFIT AFTER TAX $847 MILLION VERSUS $805 MILLION
    • EXPECT RECENT MOMENTUM WILL CONTINUE INTO 2023
    • DECLARES FINAL DIVIDEND OF 30 AU CENTS PER SHARE
    • MARKET CONDITIONS EXPECTED TO REMAIN SUPPORTIVE IN 2023
    • FY GROSS WRITTEN PREMIUMS $20,001 MILLION VERSUS $18,457 MILLION
    • FY COMBINED OPERATING RATIO (EX RISK-FREE RATE) OF 94.2% VERSUS 93.7% IN PRIOR YEAR
    • EXPECT HIGHER INFLATION WILL REMAIN PERSISTENT IN YEAR AHEAD
    • OPTIMISTIC ABOUT THE YEAR AHEAD
    • CONTINUE TO EXPECT A GROUP EXPENSE RATIO OF AROUND 13% IN 2023
    • EXPECT CLIMATE CHANGE WILL INCREASINGLY IMPACT FREQUENCY AND SEVERITY OF WEATHER-RELATED NATURAL CATASTROPHES OVER LONG TERM
 
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Last
$22.75
Change
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