0347 GMT - The impact of the Los Angeles wildfires on QBE looks manageable for the Australian insurer, UBS analyst Kieren Chidgey says. The investment bank's U.S. insurance analysts estimate a US$20 billion industry loss from the fires, which Chidgey reckons could mean a US$65 million loss for QBE, which has less than a 1% share of the California market. This is comfortably within its capabilities and would leave QBE with ample catastrophe headroom through the remainder of its 2025 fiscal year, he writes in a note. UBS has a buy rating and A$23.00 target price on the stock, which is up 1.7% at A$19.42. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 13, 2025 22:47 ET (03:47 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。