QBE confirms Q1 2022 financial results

An article from Insurance Business Mag.

QBE Insurance Group has revealed how it fared in the first quarter of the year, and group boss Andrew Horton is pleased with the company’s resilience.

According to the Australia-headquartered global insurer, its gross written premium (GWP) in the period grew 19% from US$5.8 billion in Q1 2021 to US$6.9 billion in the latest three-month span. Renewal rate increases across the group, meanwhile, averaged 7.9%.