I suspect cost outs are lower than the market was hoping for - but could sensibly be conservative. One analyst was mentioning $US400m cost outs or something very big (today mentioned $130m AUD) - but I don't have the report - only a summary - so can't tell what their basis was for that.
Also the actuarial net cost of reinsurance (and related factors) is a $75m headwind, that has to be recouped. If I understand it correctly, (please correct me if I am wrong,) they have dialed up the cat risk insurance, but dialed down the reinsurance of other non cat categories. To me that seems smart, as there will be a bit more a of a mean reversion in the non cat categories - that an insurance company should be master of, and the existential stuff is less of a problem now. However the markets are probably focusing on the headwind, and not the risk adjustments for now.
Another underlying market headwind is that interest rates might be plateauing, when not long ago they were expected to rise a bit more. So there is probably a bit of a bearish sentiment to the sector currently.
- Forums
- ASX - By Stock
- why down 4%
I suspect cost outs are lower than the market was hoping for -...
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add QBE (ASX) to my watchlist
|
|||||
Last
$17.91 |
Change
-0.170(0.94%) |
Mkt cap ! $26.90B |
Open | High | Low | Value | Volume |
$18.12 | $18.13 | $17.84 | $63.97M | 3.566M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9390 | $17.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.92 | 314 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9390 | 17.880 |
1 | 10888 | 17.860 |
5 | 12277 | 17.850 |
2 | 13130 | 17.840 |
1 | 10888 | 17.820 |
Price($) | Vol. | No. |
---|---|---|
17.920 | 314 | 1 |
17.940 | 297 | 1 |
17.950 | 10888 | 1 |
17.960 | 12462 | 4 |
17.970 | 10888 | 1 |
Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
Featured News
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
QBE (ASX) Chart |