QBE Insurance Group Ltd
QBE: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$91.00 | Szrxr | Jvjcybsmc |
QBE Insurance's Earnings Momentum Continues to Impress, Fair Value Estimate Increased to AUD 13
QBE Insurance delivered a much stronger 2022 result than we expected. Cash profit was up 5% to USD 847 million, a material beat on our USD 560 million forecast. While premiums and claims were close to our expectations, operating and commission expenses and investment income losses were much lower.