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1999
Insurance Valuation News
Qbe Insurance
Thursday February 1, 2001
QBE is changing its year end from June to December. The company is due to announce on March 14 its result for the December six months. Deutsche Bank has reduced its forecast for net profit by 26% to $96million, largely because of investment market movements over the period. `Capital losses of around 2% ... are expected from the equities portfolio, reflecting weak equity markets, partly offset by currency gains,' Deutsche said. The firm's fundamental valuation remains unchanged at $8.30 a share, while it has