2258 GMT - QBE Insurance counts Jefferies among its bulls as its exposure to U.S. property catastrophe claims ebbs. In recent years, QBE has sold businesses where it lacked scale or was overly exposed to these property claims. "We note the FY 2024 results included $220 million of losses related to non-core lines that are expected to improve by circa $120 million in FY 2025," analyst Simon Fitzgerald says. Also, QBE had $187 million in restructuring charges that aren't expected to repeat. Jefferies rates QBE a "buy," and thinks capital returns could soon be back on the agenda. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 09, 2025 18:58 ET (22:58 GMT)
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