QBE Insurance will be foregoing around -2% of group gross written premiums, assesses Ord Minnett, due to announcing an exit from the middle-market segment in North America.

Management is anticipating a limited impact on the group's combined operating ratio (COR), while the broker expects a modest positive impact in FY25.

Ord Minnett retains a Lighten rating. The $14 target is also unchanged.

Sector: Insurance.

Target price is $14.00.Current Price is $17.59. Difference: ($3.59) - (brackets indicate current price is over target). If QBE meets the Ord Minnett target it will return approximately -26% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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