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QBE Insurance Group Limited
(Sydney:QBE)
QBE Insurance Group Limited (QBE) vs. S&P 500 (SPY)
QBE Insurance Group Limited Business Overview & Revenue Model
QBE Insurance Group Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 22.71B | 21.68B | 19.21B | 13.46B | 13.56B | Gross Profit |
| 22.71B | 21.68B | 19.21B | 13.46B | 13.56B | EBIT |
| 22.71B | 21.68B | -14.79M | -13.52M | -12.25M | EBITDA |
| 2.46B | 186.67M | 153.79M | 146.79M | 190.49M | Net Income Common Stockholders |
| 1.78B | 1.35B | 526.21M | 543.62M | -1.69B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.64B | 1.37B | 569.27M | 593.63M | 587.44M | Total Assets |
| 43.85B | 42.11B | 33.22B | 43.24B | 40.61B | Total Debt |
| 2.90B | 3.09B | 3.07B | 3.61B | 4.25B | Net Debt |
| 1.26B | 1.72B | 2.23B | 2.79B | 3.48B | Total Liabilities |
| 33.12B | 32.16B | 24.30B | 34.38B | 33.05B | Stockholders Equity |
| 10.73B | 9.93B | 8.92B | 8.85B | 7.56B |
| Cash Flow | Free Cash Flow | |||
| 2.34B | 1.33B | 2.63B | 2.54B | 1.25B | Operating Cash Flow |
| 2.58B | 1.50B | 2.79B | 2.66B | 1.37B | Investing Cash Flow |
| -1.48B | -428.00M | -1.98B | -2.68B | -2.41B | Financing Cash Flow |
| -745.00M | -498.00M | -778.79M | 97.54M | 1.33B |
QBE Insurance Group Limited Technical Analysis
QBE Insurance Group Limited Peers Comparison
QBE Insurance Group Limited Earnings Call Summary
QBE Insurance Group Limited Corporate Events
QBE Insurance Group Limited has successfully completed the resale and buyback of US$500 million of its Perpetual Fixed Rate Resetting Capital Notes. This strategic financial maneuver is expected to enhance QBE’s capital management and strengthen its financial position, potentially impacting its market standing and providing reassurance to stakeholders about the company’s fiscal health.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$20.10 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 that Rolf Tolle has ceased to be a director as of May 9, 2025. The notice details Tolle’s relevant interests in securities, which include 35,000 fully paid ordinary shares held by HSBC Custody Nominees and 52,891 shares held by CPU Share Plans Pty Limited. This change in directorship may impact the company’s governance structure and could have implications for stakeholders monitoring the company’s leadership dynamics.
QBE Insurance Group Limited has announced an amendment to its Constitution, which was approved by shareholders during the Annual General Meeting. This change reflects the company’s ongoing efforts to adapt its governance framework, potentially impacting its operational strategies and stakeholder engagement.
QBE Insurance Group Limited held its 2025 Annual General Meeting where shareholders voted on several resolutions. The results showed strong support for the company’s proposals, with all resolutions carried, including the re-election of directors and amendments to the constitution. This indicates solid shareholder backing and may positively impact the company’s governance and strategic direction.
QBE Insurance Group Limited reported a strong performance in 2024, highlighting the successful execution of its strategic priorities and improved service delivery to customers and shareholders. The company emphasized the essential role of insurance in economic activities and community support, especially amidst rising weather-related and geopolitical challenges. QBE acknowledged the rising cost of premiums and stressed the importance of reducing underlying risks to improve affordability, while committing to a sustainable and adaptable insurance sector for the future.
QBE Insurance Group Limited reported a robust 8% growth in gross written premiums for the first quarter of 2025, driven by strong performance in international and North American markets. Despite challenges from non-core line run-offs in North America, the company maintained its growth trajectory, excluding these factors. The company anticipates moderate growth in its Crop segment for the fiscal year 2025, with stable net insurance revenue due to increased cessions to the federal risk pool. Overall, QBE’s underwriting performance remains resilient amid challenging market conditions, reinforcing its positive outlook for the year.
QBE Insurance Group Limited has announced its intention to issue a Resale Notice for its US$500 million Perpetual Fixed Rate Resetting Capital Notes. The company plans to buy back and cancel these notes following the resale date on May 12, 2025, subject to necessary conditions. This strategic move, approved by APRA, is part of QBE’s ongoing financial management and capital optimization efforts.
QBE Insurance Group Limited has announced its intention to issue a Resale Notice for its US$400 million Perpetual Fixed Rate Resetting Capital Notes. The company plans to buy back and cancel these notes following the resale date, subject to necessary conditions being met. This move, approved by APRA, is part of QBE’s strategic financial management, potentially impacting its capital structure and investor relations.
QBE Insurance Group Limited has announced the issuance of 511,730 unquoted securities under an employee incentive scheme. These securities are subject to transfer restrictions and will not be quoted on the ASX until the restrictions are lifted, reflecting QBE’s ongoing commitment to employee engagement and retention through equity participation.
QBE Insurance Group Limited announced a change in the director’s interest, specifically for Andrew Horton, who has acquired 24,588 unlisted conditional rights as accrued notional bonus shares. This change reflects the company’s ongoing adjustments in executive compensation linked to performance and dividends, which could impact stakeholder perceptions and the company’s market positioning.
QBE Insurance Group Limited has announced changes to the proposed amendments to its constitution, specifically withdrawing the amendment that would have allowed for virtual-only shareholder meetings. This decision comes after recognizing concerns about including explicit provisions for virtual meetings in the constitution. The company will continue to facilitate hybrid meetings, allowing both in-person and online participation, which has been the norm since the pandemic. The revised amendments will be presented for approval at the upcoming 2025 Annual General Meeting, and shareholders have the option to adjust their proxy votes accordingly.
QBE Insurance Group Limited announced the issuance of 5,115,384 unquoted equity securities under an employee incentive scheme. These securities are subject to transfer restrictions and will not be quoted on the ASX until such restrictions are lifted, reflecting QBE’s commitment to employee engagement and retention strategies.
QBE Insurance Group Limited has announced the issuance of 2,500 subordinated convertible notes, a move that reflects its strategic financial management and capital structure optimization. This issuance is likely to impact the company’s financial flexibility and may influence its market positioning by potentially enhancing its capital base, which could have implications for stakeholders and investors.
QBE Insurance Group Limited has announced its 2025 Annual General Meeting (AGM) scheduled for May 9, 2025, at the Wesley Conference Centre in Sydney. Shareholders can participate in person, online, or via teleconference, with options to submit questions in advance. The AGM will cover various resolutions, and the Chairman’s and CEO’s speeches will be available on the ASX and QBE websites. This meeting is a key event for stakeholders to engage with the company’s leadership and gain insights into its strategic direction.
QBE Insurance Group Limited has announced the pricing of USD 500 million in Fixed Rate Resetting Subordinated Notes due in 2035, as part of its Note Issuance Programme. These notes are eligible as Tier 2 Capital under APRA’s capital adequacy framework and are subject to conversion into ordinary shares if QBE is deemed non-viable by APRA. The notes, with an initial fixed interest rate of 5.834% per annum, are callable by QBE in 2030 with APRA’s approval, impacting the company’s financial strategy and stakeholder interests.
QBE Insurance Group Limited has announced a proposed issuance of USD Fixed Rate Resetting Subordinated Notes as part of its ongoing funding and capital management strategy. The proceeds from this issuance are expected to fund Tier 2 capital, and further details will be released in a subsequent announcement, indicating a strategic move to strengthen its financial position.
QBE Insurance Group Limited announced an update to its previous dividend distribution announcement, reflecting changes in the Dividend Reinvestment Plan (DRP) and Bonus Share Plan (BSP) prices. This update pertains to the dividend distribution for the six-month period ending December 31, 2024, with the record date set for March 6, 2025. Such updates are crucial for stakeholders as they provide clarity on the financial returns and investment opportunities associated with the company’s shares.
QBE Insurance Group Limited announced the issuance of 248,224 unquoted equity securities, specifically ordinary fully paid shares, on March 3, 2025. This move indicates a strategic financial maneuver that could impact the company’s capital structure and market positioning, potentially influencing stakeholder interests and the company’s operational dynamics.
QBE Insurance Group Limited announced a change in the director’s interest notice, involving Andrew Horton. The notice detailed the acquisition and disposal of securities, including the transfer of shares to Horton’s spouse. This change reflects the director’s strategic management of his holdings, which may impact the company’s governance and shareholder dynamics.
QBE Insurance Group Limited has announced the issuance of 80,992 unquoted equity securities under an employee incentive scheme. These securities are subject to transfer restrictions and are not listed on the ASX until these restrictions are lifted, potentially impacting employee retention and motivation strategies.
QBE Insurance Group Limited has announced a change in the director’s interest notice, specifically for Director Kathryn Lisson. The change involves an acquisition of 1,408 fully paid ordinary shares under the Directors’ Share Acquisition Plan, increasing her total holdings in this plan to 39,672 shares. This on-market purchase reflects a strategic move within the company’s governance structure, potentially impacting shareholder perceptions and the company’s market positioning.
QBE Insurance Group Limited has announced the application for quotation of 4.3 million ordinary fully paid securities on the ASX, issued under an employee incentive scheme. This move is expected to enhance the company’s market presence and potentially increase shareholder value by aligning employee incentives with company performance.
QBE Insurance Group Limited has announced the appointment of Neil Maidment as a director, effective February 21, 2025. This appointment is part of the company’s strategic efforts to strengthen its leadership team. Maidment holds 10,000 fully paid ordinary shares through HSBC Custody Nominees (Australia) Limited, which indicates his vested interest in the company’s success.
QBE Insurance Group Limited has announced changes to its Board of Directors, with Neil Maidment appointed as a Non-Executive Director effective February 21, 2025, and Rolf Tolle retiring at the conclusion of the Annual General Meeting on May 9, 2025. These changes are part of QBE’s ongoing succession planning, with Maidment bringing extensive experience in the global insurance and reinsurance industry, enhancing the board’s strategic leadership and risk management capabilities.
QBE Insurance Group Limited announced its financial results for the year ending December 31, 2024, with a presentation scheduled for investors and analysts. This announcement, approved by the Board of Directors, highlights the company’s commitment to transparency and communication with its stakeholders regarding its financial performance.
QBE Insurance Group Limited reported a significant increase in their FY24 financial results, with a statutory net profit after tax of $1,779 million, up from $1,355 million in FY23. The company achieved a 3% growth in gross written premiums and improved its combined operating ratio to 93.1%, supported by favorable catastrophe experience and strong investment performance. The company’s capital position strengthened, maintaining a PCA multiple of 1.86x, and a final dividend of 63 Australian cents per share was declared, marking a full year payout ratio of 50% of adjusted net profit. These results reflect QBE’s strategic initiatives to enhance performance stability and resilience.
QBE Insurance Group Limited has released its Investor Report for the year ending December 31, 2024. This report, authorized by the company’s Board of Directors, provides insights into QBE’s financial performance and strategic positioning, which could have implications for its stakeholders and market operations.
QBE Insurance Group Limited has announced a new dividend distribution of AUD 0.63 per ordinary fully paid security, which relates to the financial period ending December 31, 2024. This distribution highlights the company’s ongoing financial management and is scheduled to be paid on April 11, 2025, with important dates for shareholders including the ex-date on March 5, 2025, and the record date on March 6, 2025.
QBE Insurance Group Limited reported a strong financial performance for the year ended 31 December 2024, with a 5% increase in revenue and a 31% rise in net profit after tax, attributed to favorable catastrophe experience and stable estimate development. The company announced dividends with a final payout of 63 cents per share, 20% franked, and detailed plans for a Dividend Reinvestment Plan, reflecting a strategic focus on shareholder returns.