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QBE's profits surge in 2024 as underwriting performance tracks ahead of plan

Summary by ReinsuranceNe.ws
Australian insurer QBE has revealed a 2024 net profit after tax of $1.779 billion, up from $1.355 billion in 2023, while its combined operating ratio improved to 93.1% from 95.2%, driven by favourable catastrophe experience and more stable central estimate reserves. According to QBE, underwriting profitability tracked ahead of the firm’s plan in 2024, and reportedly continues to demonstrate greater resilience. QBE’s 2024 gross written premiums s…
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ReinsuranceNe.wsReinsuranceNe.ws

QBE's profits surge in 2024 as underwriting performance tracks ahead of plan

Australian insurer QBE has revealed a 2024 net profit after tax of $1.779 billion, up from $1.355 billion in 2023, while its combined operating ratio improved to 93.1% from 95.2%, driven by favourable catastrophe experience and more stable central estimate reserves. According to QBE, underwriting profitability tracked ahead of the firm’s plan in 2024, and reportedly continues to demonstrate greater resilience. QBE’s 2024 gross written premiums s…

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ReinsuranceNe.ws broke the news in on Friday, February 21, 2025.
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