Liability Claims DeficiencySome deficiency across AY17-AY20 liability claims has been noted, which could pose potential risks.
Non-core Underwriting LossesNon-core underwriting losses in North America are expected to continue affecting QBE's performance.
NPAT DowngradesNPAT downgrades of approximately 6% in FY25 are driven by yields, tax, and persistent non-core losses.