QBE Insurance Group Ltd
QBE: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| K&# | LOCK|>% | LOCK|$qF%BC |
QBE Insurance: Rate Increases Slowing but Enough to Keep Profits Growing
Shares responded positively to QBE Insurance's third-quarter 2024 update. Premium rate increases averaged close to 6% year to date, but gross written premium growth was a less buoyant 2%. Catastrophe claims, which can be volatile, are tracking to management expectations of USD 1.3 billion.
