QBE Insurance Group Reports Higher Q1 Gross Written Premiums; Affirms Guidance

MT Newswires Live

May 08

QBE Insurance Group (ASX:QBE) reported first-quarter gross written premiums of $9.2 billion, up 11% from $8.3 billion a year earlier, according to a Friday filing with the Australian bourse.

The company maintained its full-year 2026 guidance for gross written premium growth in the mid-single digits and a combined operating ratio of nearly 93%.

Market conditions remain broadly supportive with favorable rate adequacy, the company said, adding that competitive pressures are most visible within the commercial property and Lloyd's segments.

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