Some recent facts about QBE
- 25% Surge in price in Feb
- Net profit of USD 742 ie AUD 951
- Final Div 22c AUD
- Mr Neal underpromises and over delivers…………..a very welcome change
- QBE is predicting a fall in gross written premium (GWP) from US$16.3 billion to between US$15.5 billion and US$15.9 billion, but an increase in insurance margin from 7.8% in 2014 to between 8.5% and 10%.
- Analysts are predicting that this could drive earnings per share growth in excess of 40% and potentially boost the dividend by over 20%! QBE’s dividend yield jumps from the reasonably modest 3.2% this year to over 3.7% next year
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