Full-year outlook maintained
QBE Insurance Group has maintained its full-year 2025 guidance after reporting continued premium expansion in the first quarter (Q1 FY25), despite elevated catastrophe-related losses and growing volatility in global markets.
The insurer posted an 8% increase in gross written premiums (GWP) on a constant currency basis for the quarter ending April 2025. This includes a 3.4% contribution from rate increases and 7% growth in underlying volume. Premium growth was largely attributed to ongoing momentum across QBE’s International and North America portfolios.