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QBE Insurance Group Limited
(Sydney:QBE)
QBE Insurance Group Limited (QBE) vs. iShares MSCI Australia ETF (EWA)
QBE Insurance Group Limited Business Overview & Revenue Model
QBE Insurance Group Limited Earnings Call Summary
QBE Insurance Group Limited Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 24.96B | 18.75B | 17.45B | 13.40B | 13.53B |
| Gross Profit | 24.96B | 18.75B | 21.85B | 6.08B | 5.82B |
| EBITDA | 3.41B | 2.69B | 2.20B | 1.27B | 1.22B |
| Net Income | 2.23B | 1.78B | 1.35B | 587.00M | 750.00M |
Balance Sheet | |||||
| Total Assets | 49.19B | 43.85B | 42.11B | 33.22B | 43.24B |
| Cash, Cash Equivalents and Short-Term Investments | 1.87B | 1.64B | 1.37B | 569.27M | 819.00M |
| Total Debt | 4.11B | 2.90B | 3.09B | 3.04B | 3.61B |
| Total Liabilities | 37.51B | 33.12B | 32.16B | 24.30B | 34.38B |
| Stockholders Equity | 11.68B | 10.73B | 9.93B | 8.86B | 8.85B |
Cash Flow | |||||
| Free Cash Flow | 4.35B | 2.34B | 1.33B | 2.63B | 2.54B |
| Operating Cash Flow | 4.37B | 2.58B | 1.50B | 2.79B | 2.66B |
| Investing Cash Flow | -2.97B | -1.48B | -428.00M | -2.01B | -2.77B |
| Financing Cash Flow | -1.11B | -745.00M | -498.00M | -790.00M | 101.00M |
QBE Insurance Group Limited Technical Analysis
QBE Insurance Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$32.81B | 9.92 | 18.97% | 4.68% | 5.93% | 14.80% | |
78 Outperform | AU$1.65B | 6.70 | 25.94% | 5.51% | -7.39% | 30.01% | |
72 Outperform | AU$3.12B | 15.62 | 18.51% | 4.17% | 5.90% | 7.22% | |
69 Neutral | AU$12.06B | 26.02 | 21.28% | 3.73% | 6.37% | 1.73% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | AU$15.84B | 16.04 | 12.51% | 26.88% | -0.54% | 26.37% | |
63 Neutral | AU$15.75B | 14.48 | 19.09% | 3.91% | 8.47% | 54.09% |
QBE Insurance Group Limited Corporate Events
QBE Insurance Group has released a presentation detailing its financial and operational results for the year ended 31 December 2025, following the formal announcement of those results to the market. The presentation is being delivered to investors and analysts, underscoring QBE’s ongoing engagement with the investment community and its commitment to transparency around its annual performance.
The release, authorised by QBE’s Board of Directors, signals the completion of the company’s 2025 reporting cycle and provides stakeholders with structured insight into its recent financial year. By formally lodging the presentation with the stock exchange, QBE ensures equal access to information for the broader market and supports informed assessment of the company’s position and outlook by shareholders and analysts.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$22.90 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group reported a strong 2025 financial performance, with statutory net profit after tax rising to US$2.16 billion from US$1.78 billion and adjusted net profit increasing to US$2.13 billion. The insurer generated an adjusted return on equity of 19.8%, reflecting robust profitability across most business lines and continued execution of its financial plan.
Gross written premium grew 7% to US$23.96 billion, or 8% excluding exited portfolios, outpacing prior guidance due to targeted organic growth in North America and international markets. The combined operating ratio improved to 91.9% from 93.1%, supported by a lower net claims ratio, underscoring stronger underwriting discipline and broader balance of performance.
Investment income remained a key earnings driver, delivering US$1.63 billion and a 4.9% return, matching the prior year’s percentage while benefiting from fixed income gains tied to changes in risk-free rates. The group’s capital position stayed solid, with a Prescribed Capital Amount multiple of 1.87x, slightly above year-end 2024 and comfortably within its target range, signalling resilience and capacity to support growth.
QBE increased its final dividend to 78 Australian cents per share, bringing the full-year distribution to 109 Australian cents, up 25% year-on-year, while maintaining a 50% payout ratio on adjusted net profit. The stronger earnings, improved underwriting metrics, and higher shareholder returns reinforce QBE’s competitive standing in global insurance markets and suggest a constructive outlook for further growth and stable returns.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$22.90 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group has released its Investor Report for the year ended 31 December 2025. The report, authorised by the QBE Board of Directors, provides investors and the market with the company’s latest annual financial and operational information, supporting transparency and ongoing engagement with stakeholders.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$22.90 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group has declared an ordinary fully paid share dividend of AUD 0.78 for the six‑month period ended 31 December 2025, payable on 17 April 2026. The stock will trade ex‑dividend on 5 March 2026, with a record date of 6 March 2026 and a dividend reinvestment plan election deadline set for 9 March 2026, providing shareholders with updated income and capital management details.
The announcement confirms the timing and amount of the latest distribution, giving investors clarity on expected cash flows and the company’s current approach to returning capital. These details allow shareholders and income‑focused investors to plan around key dates, assess QBE’s yield profile, and gauge the consistency of its dividend program in the context of overall financial performance.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$22.90 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group reported a 5% rise in insurance revenue to US$22.96 billion for 2025, with net profit after tax attributable to ordinary equity holders increasing 21% to US$2.16 billion. The statutory insurance operating result climbed to US$2.18 billion, aided by favourable catastrophe experience, although ex-cat claims were pressured by higher Accident & Health claims in North America, elevated large losses and business mix shifts.
Net investment income improved to US$1.68 billion, supported by strong risk asset performance and solid fixed income returns, and results included an US$18 million gain on the sale of the North American homeowners portfolio. QBE declared an interim and a largely unfranked final dividend, maintained its Dividend Reinvestment and Bonus Share Plans without discount and confirmed that the final payout will be 30% franked, signalling confidence in capital strength and offering continued income to shareholders.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$22.90 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited has announced the cessation of 23,553 employee conditional rights (security code QBEAL) after they lapsed on 31 December 2025 because the conditions attached to those rights were not, or could no longer be, satisfied. The lapse of these conditional rights reflects an adjustment in QBE’s issued capital and indicates that certain performance or service-based hurdles under its employee equity incentive arrangements were not met, marginally reducing potential future share dilution for existing shareholders.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$22.90 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited has cancelled 4,638,290 ordinary fully paid shares following completion of an on‑market buy-back, effective 29 December 2025. The reduction in issued capital forms part of the insurer’s capital management initiatives, which can enhance capital efficiency and potentially increase earnings per share for remaining shareholders.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.25 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group has announced that director Peter Wilson ceased to be a director of the company effective 31 December 2025, with his previous director’s interest notice dated 15 August 2025. At the time of his departure, Wilson held no QBE securities directly, but retained a beneficial interest in 5,942 fully paid ordinary shares held via CPU Share Plans Pty Limited as trustee for the Directors’ Share Acquisition Plan, and had no relevant interests in contracts, signaling a relatively straightforward change in board composition with limited immediate implications for the company’s capital structure.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares. As of 24 December 2025, the company reported it had repurchased a total of 4,384,938 shares prior to the previous trading day, with an additional 253,352 shares bought back on the previous day, confirming continued execution of capital management initiatives aimed at reducing share count and potentially enhancing earnings per share and shareholder value.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited has issued an updated notification to the ASX confirming the continuation of its on-market share buy-back program for its ordinary fully paid shares. As of 23 December 2025, the company reported that a total of 4,039,893 shares had been repurchased prior to the previous trading day, with an additional 345,045 shares bought back on the previous day. The ongoing buy-back, first notified on 27 November 2025, indicates QBE’s active capital management efforts, which may support earnings per share and signal confidence in the company’s valuation to shareholders and the broader market.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited has issued an updated notification to the ASX detailing progress under its on‑market share buy-back program for its ordinary fully paid shares. As of 22 December 2025, the company reports that it has repurchased a cumulative 2,885,826 shares prior to the previous trading day and completed an additional 1,154,067 share repurchases on the previous day, indicating continued execution of its capital management strategy and a reduction in the number of shares on issue for existing shareholders.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares. As of 19 December 2025, the company reported that it had repurchased a cumulative total of 2,129,969 shares prior to the previous trading day and a further 755,857 shares on the previous day, as part of a buy-back initially notified on 27 November 2025. The continued execution of this on-market buy-back signals QBE’s active capital management, which may support earnings per share and indicate confidence in the company’s financial position, with direct implications for shareholder value and the stock’s supply-demand dynamics.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited announced the cessation of 921,981 employee conditional rights to securities as the conditions for their fulfillment were not met or became unachievable. This development may impact the company’s approach to employee incentives and its broader operational strategy, potentially influencing stakeholder confidence and workforce motivation.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited has announced an update on its ongoing share buy-back initiative, which focuses on repurchasing ordinary fully paid shares in the company. The announcement highlights the progress of the program, with significant volumes of shares being bought back daily, indicating the company’s efforts to return value to shareholders and optimize its capital structure.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited announced the issuance of 15,117 unquoted securities under an employee incentive scheme. These securities are subject to transfer restrictions and are not quoted on the ASX until the restrictions are lifted, reflecting the company’s ongoing efforts to incentivize and retain talent within its workforce.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited has announced an update regarding its ongoing on-market buy-back program. As of December 17, 2025, the company has repurchased a total of 1,765,025 ordinary fully paid securities, including 462,163 securities bought back on the previous day. This buy-back initiative is part of QBE’s strategy to optimize its capital structure and deliver value to shareholders, reflecting confidence in its financial position and future prospects.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited has announced an update regarding its ongoing on-market buy-back program. As of December 16, 2025, the company has repurchased a total of 859,609 ordinary fully paid securities on the previous day, contributing to a cumulative total of 443,253 securities bought back prior to that day. This buy-back initiative is part of QBE’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited has announced an update regarding its ongoing share buy-back program, with a daily notification indicating the purchase of 443,253 ordinary fully paid securities. This buy-back initiative is part of QBE’s strategy to enhance shareholder value and optimize its capital structure, reflecting the company’s commitment to returning capital to shareholders and maintaining a strong market position.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited announced the issuance and conversion of unquoted equity securities, specifically 3,845 ordinary fully paid securities. This move is part of the company’s ongoing financial strategies and may impact its market positioning by potentially increasing its equity base, which could influence stakeholder interests and the company’s operational dynamics.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$21.80 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited announced the resignation of Mr. Peter Wilson from its Group Board, effective 31 December 2025, as he pursues an opportunity with a competing carrier. The company will begin the search for a qualified replacement to ensure a smooth transition and maintain strong governance, reflecting its commitment to effective leadership and market presence.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$21.80 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited announced a change in the director’s interest as Yasmin Allen acquired additional shares. The acquisition involved an on-market purchase of 10,500 shares directly and 5,250 shares indirectly through Bond Street Custodians Limited, reflecting a strategic increase in her investment in the company.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$21.80 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited announced the issuance of 90,106 unquoted securities under an employee incentive scheme, which are subject to transfer restrictions. This move is part of QBE’s strategy to incentivize and retain employees, potentially impacting the company’s operational dynamics and stakeholder relationships positively.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$21.80 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited has announced an on-market buy-back of its ordinary fully paid securities, as per its latest notification. This move could potentially enhance shareholder value and optimize the company’s capital structure, reflecting QBE’s strategic focus on maintaining financial flexibility and delivering returns to its stakeholders.
The most recent analyst rating on (AU:QBE) stock is a Hold with a A$20.20 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.
QBE Insurance Group Limited reported a 6% growth in gross written premium for the nine months ending 30 September 2025, driven by strong organic growth and sustained momentum in international and North American markets. The company anticipates continued high-teens return on equity for FY25, supported by targeted premium growth and robust underwriting and investment performance. Additionally, QBE announced a A$450 million on-market share buyback, reflecting confidence in its financial health and future prospects.
The most recent analyst rating on (AU:QBE) stock is a Hold with a A$20.20 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.