Fund managers including L1 Capital, Cooper Investors, Maple-Brown Abbott, Yarra Capital Management, Airlie Funds Management, Wilson Asset Management, Montgomery Investment Management, First Sentier Investors, Clime Investment Management, Tyndall Asset Management, Pendal Group, Akambo, Atlas Funds Management, Paradice Investment Management, Solaris Investment Management, Blackwattle Investment Partners, Australian Eagle Asset Management, First Samuel, Perennial Partners and Ralton Asset Management have invested in QBE Insurance Group Ltd (ASX:QBE).

Fund managers note QBE's half-year result delivered an adjusted net profit of around US$1 billion and an annualised return on equity near 18%, with management confident in its targets. Perennial Partners and Blackwattle used weakness to add to or overweight the stock, seeing insurers as preferred financials exposures, and Pendal suggests the reinsurance pricing decline has limited flow-through to primary lines.

Ralton and Pendal flag peak-cycle concerns, with premium rate increases decelerating against claims inflation and investors rotating out of insurers. Pendal noted the half-year composition was weaker than headline, with accident and health claims, Middle East-related claims and broader deterioration in non-catastrophe claims, while falling reinsurance prices could weigh on sentiment.

QBE Insurance Group Ltd. is a global insurance and reinsurance provider founded in 1888, headquartered in Sydney, Australia. The company operates through four primary segments: North America, which handles general insurance, reinsurance, and crop business; International, covering the UK, Europe, and Canada; Australia Pacific, serving Australia, New Zealand, and the Pacific region; and Corporate and Other, comprising non-operating holding companies. QBE specializes in underwriting general insurance risks globally, maintaining a diversified geographical portfolio to support its core insurance operations.