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QBE Insurance Group Limited (ASX:QBE)

ALERT: Price-sensitive ASX Announcement for QBE
Current share price for QBE : $25.360 2.71 (11.96%)+
Announcement
Release
8 May 2026 8:15AM
Price at Release
$22.650
Full Release
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Summary
QBE Insurance Group Limited reported an 11% growth in gross written premiums (GWP) for the first quarter of 2026 (1Q26) compared to the same period in the previous year, supported by strong performance in North America and various international markets. Despite competitive pressures in commercial property and Lloyd’s segments, the company maintained a favorable rate adequacy and achieved a 2% increase in group premium rates. Catastrophe claim costs up to April 2026 amounted to approximately $300 million, with a first-half allowance set at $517 million. Investment performance remained resilient with returns bolstered by core fixed income yields, bringing investment income to approximately $500 million. The company expects a mid-single-digit GWP growth and a combined operating ratio of about 92.5% for the full year 2026, with an anticipated release of the 1H26 results on 14 August 2026.
Key Points
  • 11% growth in gross written premiums for 1Q26.
  • Favorable rate adequacy with 2% increase in premium rates.
  • Catastrophe claim costs totaled approximately $300 million.
  • Resilient investment performance with $500 million income.
  • Expected mid-single-digit GWP growth and 92.5% operating ratio for FY26.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.