|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8.73 - 8.82|
|52 Week Range||5.55 - 8.97|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.06 (0.63%)|
|Ex-Dividend Date||Aug 21, 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.