QBE syndicate 386 latest forecast

Business 1031754 640
9 August, 2019

QBE syndicate 386 latest forecast

QBE has announced their latest forecast results for Syndicate 386 as follows:-

2017 Year of Account    

SyndicateLatest forecast at 30 June 2019
Previous forecast
386 12% to 17%12.5% to 17.5%

2018 Year of Account

SyndicateLatest forecast at 30 June  2019Previous forecast
386 6.5% to 11.5%3.8% to 8.8%

QBE commented: 

"The 2017 and prior years has seen a small deterioration in its mid-range profit forecast from +15.0% of capacity to +14.5%, which is due to increased claims activity on closed years largely offset by an improvement in year to date investment performance relative to plan."

"The 2018 pure year is projected at a mid-range profit of +9.0% of capacity versus +6.3% previous due to an improvement in the net ultimate loss ratio."