Feb 18 (Reuters) - QBE Insurance Group Ltd (QBE) :
- CATASTROPHE CLAIMS FOR YEAR WERE $905M OR 6.6% OF NET EARNED PREMIUM
- SEES INDUSTRY OPERATING ENVIRONMENT REMAINS HIGHLY UNCERTAIN
- FY ADJUSTED NET CASH PROFIT AFTER TAX $805 MILLION VERSUS LOSS OF $863 MILLION
- FY GROSS WRITTEN PREMIUMS GREW BY 22% TO $18,457 MILLION
- SEES GROSS WRITTEN PREMIUM GROWTH TO BE IN HIGH SINGLE DIGITS IN 2022
- IN FY22, EXPECT THE BUSINESS WILL ACHIEVE FURTHER STEADY IMPROVEMENT ON THE FY21 ‘EXIT’ COMBINED OPERATING RATIO OF AROUND 94%.
- PREMIUM PRICING ENVIRONMENT IS LIKELY TO REMAIN POSITIVE IN 2022.
- CAPABLE OF CONSISTENTLY DELIVERING A LOW TO MID-90'S COMBINED OPERATING RATIO IN 2022
- REPORTED A STATUTORY FY21 COMBINED OPERATING RATIO OF 93.7% COMPARED WITH 104.2% IN THE PRIOR YEAR
News: QBE QBE Insurance Posts FY Adjusted Net Cash Profit After Tax Of $805 Mln
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Last
$22.75 |
Change
0.220(0.98%) |
Mkt cap ! $34.35B | |||
| Open | High | Low | Value | Volume |
| $22.50 | $22.80 | $22.48 | $39.39M | 1.737M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 7506 | $22.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.76 | 135 | 1 |
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| QBE (ASX) Chart |