QBE Insurance Group Ltd (QBEIF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to QBE third quarter market update. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone keypad. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Chief Executive Officer Andrew Halton. Please go ahead. Thanks, and good morning, everybody, and thank you for joining us today. As you know, this morning we released our third quarter trading update. On track for another year of exceptional performance, a strong momentum in the business, and we're confident of sustaining strong returns from here. There are three main parts to the release. First, we've announced an on-market buyback of $450 million Australian dollars to take place through 2026. Secondly, the release includes the usual details and performance for the current year. And finally, we've also included some early thoughts for the year ahead. I'm here with Inder Singh, our Group CFO, and we'll take the next five to 10 minutes to unpack each of these points in a little more detail. So let's start with the performance in the current year. Confident of delivering our 2025 guidance for both growth and the combined operating ratio. Strong underwriting result alongside excellent investment performance leaves us well-placed to deliver another return on equity in the high teens, QBE's best performance in well over a decade. Year-to-date growth rate and premium growth was 6% compared to the prior corresponding...