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QBE Insurance Group Provides Performance Update

05 May 2022  |  09:51:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Performance Update

QBE Insurance Group provided a performance update. Growth in gross written premium remained strong in 1Q 2022, up 19% on the pcp, or 22% in constant currency. It currently estimates that Crop gross written premium will be $3.3B in FY 2022, a significant increase from $2.7B in FY 2021. It made progress in repositioning its investment portfolio over the quarter, with risk assets representing 9% of total investment assets at 31 March 2022.

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