QBE reports 95.2% CR as international performs strongly but US drags

QBE ended 2023 with its combined ratio improving 70bps to 95.2 percent supported by group-wide average premium rate increases that accelerated to 9.7 percent, with the company’s CEO Andrew Horton declaring there has been “meaningful progress” in the business’ bid to deliver greater resilience and consistency in its results.

 

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