QBE Insurance Group Ltd
QBE: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$61.00 | Zgls | Mwbtkxgj |
QBE Insurance: Another Solid Period but Market Is too Optimistic on Maintainable ROE
QBE Insurance’s third-quarter 2023 update leaves it on track to meet guidance for 10% growth in gross written premiums and a combined operating ratio (claims plus operating expenses/premiums) of 94.5%. Renewal rate increases averaged 9.6% in the quarter, with GWP growth in the year to September 2023 at 11% in constant currency.