QBE Poised for 'Strong' 2025 Result, Citi Says

MT Newswires Live
07/10

QBE Insurance Group (ASX:QBE) is set for a "strong" 2025 result, which could support further share price gains, according to a Thursday Reuters report citing Citi.

Citi analyst Nigel Pittaway sees only limited risk of a first-half catastrophe allowance overrun, with foreign exchange gains and robust investment returns boosting earnings.

The firm maintained QBE's buy rating but lifted its price target to AU$26.10.

Shares of the company rose 2% in recent Thursday trade.

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