From QBE announcement this morning... seems a consistent narrative with HLI past investor briefings.
- QBE LMI gross written premium declined 39% to $97 million, driven by reduced housing market activity and new government initiatives to support first home buyers.
- Favourable experience in LMI and CTP more than offset catastrophe and inflation-related strengthening in short-tail classes, and higher wage growth assumptions in liability lines.
- QBE Australia Pacific’s net commission ratio increased slightly to 15.7% from 15.5% in the prior year. This primarily reflected business mix changes, given growth in certain commercial lines segments, combined with ongoing reduction in LMI premium.
- The LMI result was characterised by further reduction in gross written premium, albeit a strong underwriting result, which was supported by favourable prior year development.
From QBE announcement this morning... seems a consistent...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HLI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.08 |
Change
0.200(5.15%) |
Mkt cap ! $1.188B | |||
| Open | High | Low | Value | Volume |
| $3.89 | $4.09 | $3.86 | $9.642M | 2.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6933 | $4.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.09 | 84566 | 5 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| HLI (ASX) Chart |