QBE Insurance earnings beat expectations with revenues up 15 per cent in the year

Catastrophe costs were up 15 per cent in the year to over a billion US dollars, impacted by the Australian floods, Hurricane Ian in the US, and allowance for the Russia and Ukraine conflict.

The company forecast gross written premiums – which measure changes in the number of customers and prices – to grow in the mid to low single digits throughout the year, which is less than the growth achieved in the past period.

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