"QBE CEO Frank O’Halloran noted that in the 15 years to June 2008, including two significant downturns in the Australian housing market, PMI’s gross incurred claims were $345m against gross earned premium of $1.68bn."
Amazing isnt it!
Insurance is all about knowing when to underwrite and at the right price. There can be no better execution of strategy to take advantage of the downturn than this, and it only puts a small dent in its reserves. The ability to fund *bigger* fish can be underatken.
qbe buys pmi, page-8
Add QBE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.65 |
Change
0.060(0.34%) |
Mkt cap ! $26.51B | |||
| Open | High | Low | Value | Volume |
| $17.59 | $18.01 | $17.55 | $104.6M | 5.916M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10465 | $17.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.66 | 15531 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| QBE (ASX) Chart |