QBE Insurance Group Limited (AU:QBE) has released an update.
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QBE Insurance Group Limited reported a 2% growth in gross written premiums for the first nine months of 2024, driven by group-wide premium rate increases despite the impact of non-core portfolio exits. Excluding these exits, the growth was 5% and further increased to 9% when excluding the Crop segment. The company expects a 3% growth in gross written premiums for the full year, with a combined operating ratio of around 93.5%.
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