Australian Insurers Retain Their Attraction at Citi -- Market Talk

Dow Jones
09/08

0102 GMT - Citi analyst Nigel Pittaway still wants exposure to Australian general-insurance stocks despite slowing organic premium growth. He acknowledges that the investment case is becoming harder but still forecasts relatively stable near-term margins at QBE, IAG and Suncorp, with reasonable but mostly slowing organic premium growth. QBE remains his pick of the trio. He tells clients in a note that he thinks it will meet its combined operating ratio guidance for 2025, and doesn't see the departure of its CFO changing its return-on-equity outlook. Citi keeps a buy rating and A$26.20 target price on QBE stock, which is down 1.8% at A$21.23. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

September 07, 2025 21:02 ET (01:02 GMT)

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