QBE and IAG are our preferred exposure within the Australian listed
general insurers.
Both names are now under Algo Engine buy conditions. We see the potential for more upside in QBE’s up coming earnings result, given the deep discount it trades on, relative to peers.
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Based on FY19 Net Operating Income increasing by 10%+ to $850m, we have QBE on a forward yield of 5.5%.
We now look to add covered call options to enhance the income and capture the March dividend.
