QBE Syndicate 2999 reports underwriting profit of £38.3mn
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QBE Syndicate 2999 reports underwriting profit of £38.3mn

Luke Harrison
04 April 2022
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QBE Syndicate 2999’s net underwriting profit worsened to £38.3mn ($50.3mn) in 2021, compared with a restated net underwriting profit of £49mn in 2020, largely attributable to losses from natural catastrophes throughout the year.

The syndicate’s total profit for the year was £17.5mn, compared with £106.2mn in 2020.

The combined ratio for 2021 deteriorated by 1.1

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News QBE Results
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Luke Harrison
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