0207 GMT - QBE Insurance's annual profit beat looks low quality to Jarden analysts. The Australia-listed insurer's adjusted cash net profit was about 4% above consensus, but Jarden analysts view this as driven by catastrophe costs coming in under budget. They are disappointed by QBE's underlying combined operating ratio, and think that 2026 guidance for mid-single-digit gross written premium growth could prove challenging. Jarden has a last-published neutral rating and a A$21.30 target price on the stock, which is up 8.2% at A$21.71. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 19, 2026 21:08 ET (02:08 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.