QBE: Transformation or turnaround myth?

This insurer is leaps and bounds ahead of where it was two years ago. But what's it worth?

QBE Insurance is having a moment. Two years ago we had no shortage of things to fret over, with a failing workers’ compensation unit in Argentina, the risk of a capital raising, and growing competition in the USA and Australia. But the company’s prospects have improved and the stock is up more than 25% since its February lows.

Yes, Australia experienced relatively kind weather last year and so catastrophe claims were low. That certainly helped. But management still deserves a gift basket – QBE’s turnaround is due to more than luck.

More focused operations

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles