QBE 1.32% $18.49 qbe insurance group limited

Rormon - thanks for that.I was sceptical on the $15.5-16 billion...

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    Rormon - thanks for that.

    I was sceptical on the $15.5-16 billion NEP because that's exactly last FY number ($15.8b) and if they are exiting their current markets or getting price pressure on some (most obvious one being force placed insurance), then I think it is slightly ambitious.

    I totally forgot that they forecasted 5% increase in premium.

    Looking at CBA forecast number on the old report you linked I was thinking that CBA can't possibly truly believe what they are forecasting.

    FY13f to FY15f at PE of 10.9-9.4? Either they don't buy their own number or they truly believe that the long term company multiplier befitting the risk factor for the company is 10.
 
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