And there you have it. And it is no surprise to be reading QBE shareholders applauding the announcement.
Year in year out we get the same announcement and year in year out we get share holders nodding wisely in agreement.
How many years has this company been in the insurance business? how many years does it take for an insurance company to get its provisions within a coeee of being correct? How many years will it take for ASIC to take action on their company reporting and separating abnormal items? You can't have the same abnormal accounts each year. They are now normal. QBE is in the business of destroying capital, not insurance business.
Pear
QBE Price at posting:
$10.43 Sentiment: None Disclosure: Held
(20min delay)