Momentum Improves for QBE with Multiple Pockets of Earnings Uplift. FVE Increased to AUD 15
Following years of restructuring and remediation, narrow moat-rated global general insurer QBE Insurance Group is much better positioned to take advantage of the eventual upswing in the insurance rate cycle and increased interest rates. QBE Insurance has disappointed for several years but a combination of management action and sector tailwinds means the long-term outlook is decidedly upbeat. Following increases in near- to medium-term profit forecasts, we increase our fair value estimate 3% to A...QBE Insurance Group engages in underwriting general insurance and reinsurance risks, management of Lloyd's syndicates and investment management. Co.'s segments are: North American Operations, which writes general insurance and reinsurance in the U.S.; European Operations, which writes general insurance in the U.K., Canada and mainland Europe; Australian and New Zealand Operations, which underwrites general insurance risks in Australia and New Zealand; Emerging Markets, which writes general insurance in North, Central and South America and provides personal, commercial and general insurance covers in the Asia Pacific region; and Equator Re, which provides reinsurance protection in Bermuda.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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