Previous Close | 6.54 |
Open | 6.54 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's Range | 6.54 - 6.54 |
52 Week Range | 4.83 - 9.35 |
Volume | 10 |
Avg. Volume | 3,642 |
Market Cap | 10.689B |
Beta (5Y Monthly) | 1.14 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -1.09 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.20 (3.01%) |
Ex-Dividend Date | Aug 20, 2020 |
1y Target Est | N/A |
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QBE Insurance Group said on Friday it was expecting an annual net cash loss of $780 million due to higher catastrophe-related costs from harsh U.S. wildfire and hurricane seasons as well as additional COVID-19 claims. The Australian insurer, which posted an adjusted cash profit of $733 million last year, said catastrophe costs were expected to vastly exceed its allowance by 24% to $680 million. QBE is also expecting a $1.5 billion statutory loss, mainly due to the write-down of assets in North America and deferred tax.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of QBE Insurance Group Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.