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...
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Last
$3.90 |
Change
0.025(0.65%) |
Mkt cap ! $1.129B | |||
| Open | High | Low | Value | Volume |
| $3.94 | $3.95 | $3.89 | $299.3K | 76.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 9557 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 6758 | 29 |
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| Last trade - 12.00pm 29/07/2024 (20 minute delay) ? |
| HLI (ASX) Chart |