{"id":3457,"date":"2025-11-27T08:00:56","date_gmt":"2025-11-27T09:00:56","guid":{"rendered":"http:\/\/xinetica.com\/?p=3457"},"modified":"2025-11-27T14:28:50","modified_gmt":"2025-11-27T14:28:50","slug":"qbes-gwp-reach-18-6bn-in-9m25-as-firm-reiterates-full-year-outlook","status":"publish","type":"post","link":"http:\/\/xinetica.com\/index.php\/2025\/11\/27\/qbes-gwp-reach-18-6bn-in-9m25-as-firm-reiterates-full-year-outlook\/","title":{"rendered":"QBE\u2019s GWP reach $18.6bn in 9M\u201925 as firm reiterates full-year outlook"},"content":{"rendered":"

QBE has reported that gross written premium grew 6% in the nine months to 30 September 2025, reaching $18.6 billion.<\/p>\n

\"qbe-logo-aug2025-1\"According to the insurer, gross written premium growth included a drag of around ~$250\u202fmillion from the run-off of non-core lines in North\u202fAmerica.<\/p>\n

Excluding this, ex\u2011rate growth was 7%, or\u202f6% on further excluding Crop.<\/p>\n

At the same time, QBE said its catastrophe experience has been more benign so far in the second half of 2025 compared with the first, with fewer large loss events and a generally lower severity of claims.<\/p>\n

The net cost of catastrophe claims for the ten months to October 2025 is expected to come in at around ~$700 million, well below the ~$950 million allowance for the period.<\/p>\n

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\"Brit<\/a><\/div>\n<\/div>\n

The insurer added that its November\u2013December 2025 catastrophe allowance totals ~$200 million.<\/p>\n

On current trends, full-year 2025 catastrophe costs are likely to finish comfortably below allowance, marking a third consecutive year of favourable outcomes.<\/p>\n

Meanwhile, a favourable investment return of $459 million in Q3 2025 was reportedly underpinned by solid results across fixed income and risk asset portfolios.<\/p>\n

“The core fixed income yield remained relatively stable through the period, exiting 3Q 2025 at 3.7% where it remains today. Risk asset performance benefited from robust equity and enhanced fixed income returns,” QBE explained.<\/p>\n

With all this in mind, QBE has reiterated its full-year 2025 outlook, expecting constant-currency gross written premium growth in the mid-single digits, including the aforementioned $250 million drag from the non-core North America run-off, and a Group combined operating ratio of around 92.5%.<\/p>\n

Looking even further ahead, QBE said its portfolio is now better balanced, with broader and more visible earnings, providing a solid foundation for 2026 planning.<\/p>\n

Profitability reportedly remains attractive across most business lines, and the insurer views the year ahead as supportive of further growth and continued strong returns.<\/p>\n

The insurer is currently forecasting a combined operating ratio of about 92.5%. QBE noted it will outline its full-year 2026 GWP growth guidance at its upcoming results, once there is clearer visibility around Crop performance and the key 1 January renewals.<\/p>\n

The post QBE’s GWP reach $18.6bn in 9M’25 as firm reiterates full-year outlook<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

QBE has reported that gross written premium grew 6% in the nine months to 30 September 2025, reaching $18.6 billion. […]<\/p>\n","protected":false},"author":1,"featured_media":3459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3457"}],"collection":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=3457"}],"version-history":[{"count":3,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3457\/revisions"}],"predecessor-version":[{"id":3461,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3457\/revisions\/3461"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/3459"}],"wp:attachment":[{"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=3457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=3457"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=3457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}