QBE Insurance Group (ASX:QBE) reported Friday that its gross written premium in the first quarter rose to $8.32 billion, up 8% on a constant currency basis from $7.77 billion a year earlier.

Total investment funds under management were $31.6 billion, up from $30.6 billion a year earlier.

In the four months to April, the company reported a net cost of catastrophe claims of about $420 million, driven by the LA wildfires, flooding in Queensland, cyclone Alfred, and a series of storms in North America.

The insurance group reaffirmed its 2025 gross written premium growth in the mid-single digits on a constant currency basis, a combined operating ratio of about 93%.