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Feb 24, 2021

QBE Syndicate 386 result and updated 2019 Account forecast

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2018 Account Result(s)

Syndicate(s)

Result(s) %

Previous end-September % forecasts advised to Members

386

-1.0

-0.1 to -5.1

2019 Account Forecast(s)

Syndicate(s)

Updated Forecast(s) %

Previous end-September % forecasts advised to Members

386

+13.9 to +8.9

+9.1 to +4.1

QBE's letter mentions "The 2019 pure year mid-range profit forecast of +11.4% is an improvement on previous +6.6%, reflecting the improved rating environment, coupled with remedial action benefits being realised in the Professional Indemnity portfolio."