QBE Insurance (ASX:QBE) expressed encouragement by their ongoing business momentum and voiced confidnce in the outlook for the future.

The company further provided the forecast for the year 2023, including constant currency gross written premium (GWP) growth of approximately 10%, a combined operating ratio around 94.5%, and an anticipated 1H23 yield of 4.9%.

QBE Insurance also reported that the half-yearly net cost of catastrophe claims escalated to a total of $699 million.

QBE Insurance is a prominent international insurer and reinsurer providing a diverse portfolio of property, casualty, and specialty insurance products.