QBE Insurance Group Premium Rate Increases Reflect Mixed Competitive Dynamics Across Multiple Classes, Jefferies Says

MT Newswires Live
May 08

QBE Insurance Group's (ASX:QBE) group premium rate increases of 2% reflect mixed competitive dynamics across multiple classes during the first quarter, Jefferies said in a note on Friday.

The firm operates a diversified commercial portfolio across regions and commercial lines, supporting a growth focus as the market transitions. Its commercial property and Lloyds businesses remain highly competitive. Its quarterly gross written premium growth is supportive of the full-year guidance.

Early indications suggest a favorable crop year, with yield and production set to improve and pricing remaining favorable. Crop insurance at the gross level increased 4%.

The investment firm assigned it a buy rating on QBE Insurance and raised the price target to AU$25.55 per share from AU$23 per share.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10