QBE Insurance Group Limited

(QBE)

ASX

Recommendation:

Buy

Share Price:

AUD

Market Cap:

$

QBE stock was up strongly after delivering a well-received result for the 2022 financial year; earnings came in at $847m, well ahead of expectations. The result was driven by top-line growth help by gross premium growth and strong investment income (helped by higher interest rate environment). NPAT beat by ~15-21% on the back of stronger investment income & a new reinsurance deal with Enstar which sees the company’s reserve risk reduce significantly.

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Latest Research

Rising Rate Winner

QBE Insurance Group Limited
11 May 2022

Reiterate Buy

QBE Insurance Group Limited
8 March 2022

Turnaround Takes Off

QBE Insurance Group Limited
21 August 2021

Interest Hike Hedge

QBE Insurance Group Limited
16 August 2021

Troubled times or a value buy?

QBE Insurance Group Limited
1 February 2021

Weak Investment Income

QBE Insurance Group Limited
16 August 2020

Recommendation:

Buy

Share Price:

AUD

Market Cap:

$

Latest Research

Rising Rate Winner

QBE Insurance Group Limited
11 May 2022

Reiterate Buy

QBE Insurance Group Limited
8 March 2022

Turnaround Takes Off

QBE Insurance Group Limited
21 August 2021

Interest Hike Hedge

QBE Insurance Group Limited
16 August 2021

Troubled times or a value buy?

QBE Insurance Group Limited
1 February 2021

Weak Investment Income

QBE Insurance Group Limited
16 August 2020

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