QBE Insurance Group Ltd (QBEIF) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Qbe Insurance Group Limited.

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.815 Good morning and thank you for joining us today. 00:00:02.815 -- 00:00:07.001 I'm here today with Inder Singh, our group CFO, and this morning we'll take you through 00:00:07.001 -- 00:00:10.445 what are another great set of results for QBE. 00:00:10.445 -- 00:00:16.431 We're well on track for a strong year and I think the business is on an exciting trajectory. 00:00:18.276 -- 00:00:23.123 Before we begin, I'll start by acknowledging the traditional owners of the many lands 00:00:23.123 -- 00:00:28.528 on which we meet today. For me, This is the Gadigal lands of the Eora Nation 00:00:28.528 -- 00:00:33.415 and recognize their continuing connection to land, waters, and culture. 00:00:33.415 -- 00:00:36.919 I pay my respects to the elders past and present, 00:00:36.919 -- 00:00:41.865 and I extend this respect to any First Nations people joining us today. 00:00:41.865 -- 00:00:45.229 Moving to slide four with a snapshot of our result. 00:00:45.229 -- 00:00:49.515 It's clear we've had a good start to the year, with strength across the board from growth 00:00:49.515 -- 00:00:52.839 to underwriting, investments to capital. 00:00:52.839 -- 00:00:58.107 Headline GWP growth picked up to 6%, which was driven by underlying X rate growth 00:00:58.107 -- 00:01:00.487 of 7%. Profitability 00:01:00.650 -- 00:01:05.698 is attractive across the majority of portfolios and we remain motivated to grow 00:01:05.698 -- 00:01:07.421 the business. 00:01:07.421 -- 00:01:13.450 Our first half combined ratio of 92.8% is essentially in line with our full year outlook 00:01:13.450 -- 00:01:19.119 and represents another marker of more predictable, resilient performance. 00:01:19.119 -- 00:01:23.769 To this end, catastrophe costs were comfortably below allowanc...