The Serial Downgrader Does It Again. QBE FVE Cut 13% to AUD 13
Global general insurer QBE Insurance Group disappointed again with another earnings downgrade, just when confidence was rebuilding in management’s ability to return the previous market darling into the status of a well-run business, delivering consistent and good-quality earnings growth. Our previously positive long-term view on the narrow moat-rated insurer is relegated to a neutral position until we can see sustained and credible improvement in underlying earnings.Unfortunately, this appears ...
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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