Australian Insurers Likely to Maintain Double-Digit Repricing -- Market Talk

Dow Jones04-10

2346 GMT - The current environment of double-digit repricing by Australian general insurers will likely "persist higher for longer," says UBS analyst Scott Russell in a note. Currently, customer retention remains high and customers have also not been significantly increasing excesses. To the extent that claims inflation moderates, UBS reckons earnings may likely overshoot on margin over the next 12-18 months. This prompts the investment bank to increase its general insurance earnings forecasts to reflect this base case scenario. UBS raises Suncorp's target price by 8.3% to A$18.20. It was last up 0.5% to A$16.42. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

April 09, 2024 19:46 ET (23:46 GMT)

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This prompts the investment bank to increase its general insurance earnings forecasts to reflect this base case scenario. UBS raises Suncorp's target price by 8.3% to A$18.20. It was last up 0.5% to A$16.42. 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Currently, customer ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"标普/澳交所 300指数","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2426179482","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426179482","pubTimestamp":1712706360,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2346 GMT - The current environment of double-digit repricing by Australian general insurers will likely \"persist higher for longer,\" says UBS analyst Scott Russell in a note. 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