Once maligned, QBE is now firing on all cyclinders скачать в хорошем качестве

Once maligned, QBE is now firing on all cyclinders

There was a period through the 2010s when QBE was on struggle street. Some misadventures into other geographies and inconsistencies in financial performance meant the share price spent most of the decade languishing below $10. Those days, however, appear to be long gone. In the past year, QBE reported a record $1.5 billion in investment revenue, whilst also posting a combined operating ratio (COR) of 93.1% COR is the metric insurers use to measure efficiency - the lower, the better as it means the company is collecting more in premiums than paying out in claims and operating expenses. A COR in the 90-95% range is considered healthy and stable. And while the number itself is solid, QBE Group CFO, Inder Signh, is rightfully proud of the consistency with which the company has been delivering it. "We're increasingly building a track record of being more consistent around that. So I think that's a really important number", said Signh when speaking to Livewire. Investors seem to agree, with the QBE share price reaching levels not seen since early 2010. On insurance premium trends, Singh acknowledged the recent double-digit increases in costs due to rising risk levels, particularly from record-breaking weather-related losses. However, he indicated that moving into 2025, “the rate of rate increase should start to moderate,” offering some relief to consumers. He also stressed the importance of collaboration between insurers, governments, and regulators to improve mitigation efforts and maintain affordability. Looking ahead, Singh outlined QBE’s 2025 priorities, emphasising growth and modernisation. “The momentum at the end of 2024 has been strong,” he stated, pointing to expansion opportunities in international markets, particularly in the Lloyd’s and North American businesses. Additionally, he underscored the company’s focus on streamlining customer interactions, making the business “quicker to quote, quicker to assess claims.” Make sure to watch the video for all the insights.