QBE Insurance Group Ltd

QBE: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$33.00	Hpnwm	Sdwxbcqg

QBE Insurance: Another Solid Period but Market Is too Optimistic on Maintainable ROE

Nathan Zaia

Nov 27, 2023

QBE Insurance’s third-quarter 2023 update leaves it on track to meet guidance for 10% growth in gross written premiums and a combined operating ratio (claims plus operating expenses/premiums) of 94.5%. Renewal rate increases averaged 9.6% in the quarter, with GWP growth in the year to September 2023 at 11% in constant currency.

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