QBE Insurance Group Limited

By Intelligent Investor · 28 Jun 2002

By Intelligent Investor ·
28 Jun 2002

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QBE Insurance Group Limited - QBE

Current price

$17.34 at 16:40 (19 April 2024)

Price at review

$6.46 at (28 June 2002)

All Prices are in AUD ($)

QBE Insurance Group (QBE) â€“ $6.46: A recent trading update said the company was on track to achieve its 'projected insurance profit'. But don't forget that 'insurance profits' aren't the whole story for an insurance company. They are also reliant on investment income and returns aren't looking hot this year. The shares are off 9% since issue 99/Mar 02 (Sell/Switch to Suncorp - $7.07). SELL and SWITCH to Suncorp.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

QBE Insurance Group Limited

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QBE Insurance Group Limited

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