QBE Insurance Group Limited (QBE) AI Stock Analysis

• Market Cap: $30.83B
• Dividend Yield: 4.6%
• Average Volume (3M): 4.04M
• Price to Earnings (P/E): 10.1
• Beta (1Y): 0.54
• Revenue Growth: 5.93%
• EPS Growth: 14.80%
• Country: AU
• Employees: 13,275
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Property & Casualty
• EPS (TTM): 1.00
• Shares Outstanding: 1,510,015,300
• 10 Day Avg. Volume: 4,313,311
• 30 Day Avg. Volume: 4,042,970
• PEG Ratio: 0.34
• Price to Book (P/B): 1.72
• Price to Sales (P/S): 0.99
• P/FCF Ratio: 7.91
• Enterprise Value/Market Cap: 1.35
• Enterprise Value/Revenue: 1.83
• Enterprise Value/Gross Profit: 1.83
• Enterprise Value/Ebitda: 1.92
• 1Y Price Target: $24.48
• Price Target Upside: 19.88% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10

• Rating: 72 Outperform
• Price Target: AU$23.00 ▲(12.63% Upside)

QBE Insurance's strong financial performance and attractive valuation are the primary drivers of its overall score. The company's robust revenue and profit growth, improved leverage, and substantial cash flows position it well for future growth. However, technical analysis indicates potential bearish momentum, which slightly offsets the positive financial and valuation aspects.

QBE Insurance Group Limited Business Overview & Revenue Model

Company Description

QBE Insurance Group Limited underwrites general insurance and reinsurance risks. The company offers range of commercial, personal, and specialty products, such as commercial and domestic property, motor and motor casualty, agriculture, public/product liability, professional indemnity, workers' compensation, marine, energy and aviation, accident and health, financial and credit, and other insurances, as well as risk management solutions. It also manages Lloyd's syndicates, as well as offers investment management services. The company operates in Australia, Europe, North America, Asia, and the Pacific. QBE Insurance Group Limited was founded in 1886 and is headquartered in Sydney, Australia.

How the Company Makes Money

QBE Insurance Group Limited generates revenue primarily through the underwriting and sale of insurance policies across its global operations. The company's key revenue streams include premium income from policyholders and investment income from the management of its insurance funds. Premiums are collected in exchange for providing coverage against various insured risks, while investment income is earned by investing the float – the pool of premiums collected before claims are paid out. Additionally, QBE benefits from reinsurance services, where it assumes or cedes risks with other insurance companies to balance its portfolio and optimize capital efficiency. These activities, combined with strategic partnerships and an extensive distribution network, contribute significantly to QBE's earnings.

QBE Insurance Group Limited Financial Statement Overview

Summary

QBE Insurance demonstrates strong financial performance with revenue and profit growth, improved leverage, and robust cash flows. The income statement shows a positive trajectory with increased revenue and net profit margins. The balance sheet reflects reduced leverage and strong equity growth, while cash flows indicate substantial operating and free cash flow increases.

Income Statement

QBE Insurance has shown a positive revenue growth trajectory with Total Revenue increasing from $21.68 billion in 2023 to $22.71 billion in 2024, a 4.75% increase. Gross Profit Margin remains robust at 100%, indicating strong operational efficiency. The Net Profit Margin improved significantly from 6.25% in 2023 to 7.84% in 2024, reflecting enhanced profitability. The EBIT and EBITDA margins, though not calculable due to revenue equaling gross profit and EBIT, show solid absolute figures and an upward trend in EBITDA, suggesting better core earnings performance.

Balance Sheet

The Debt-to-Equity ratio has improved, reflecting a reduction in leverage, with Total Debt decreasing while Stockholders' Equity increased to $10.73 billion in 2024. The Return on Equity stands strong at 16.58%, indicating efficient use of equity capital to generate profits. The Equity Ratio is consistent, suggesting a stable asset base primarily funded by equity, but there's room for improvement in asset efficiency.

Cash Flow

Operating Cash Flow has seen a substantial increase to $2.575 billion in 2024 from $1.503 billion in 2023, highlighting strong cash generation capabilities. Free Cash Flow increased to $2.341 billion, with a notable Free Cash Flow to Net Income Ratio, indicating effective conversion of profits to cash. The Free Cash Flow Growth Rate is impressive, underscoring robust cash performance, though there is slight volatility in financing activities.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.75B	17.45B	13.40B	13.20B	11.79B
Gross Profit	18.75B	17.45B	13.40B	13.20B	11.79B
EBITDA	2.46B	186.67M	153.79M	146.79M	190.49M
Net Income	1.78B	1.35B	587.00M	750.00M	-1.52B
Balance Sheet
Total Assets	43.85B	42.11B	33.22B	43.24B	40.61B
Cash, Cash Equivalents and Short-Term Investments	1.64B	1.37B	569.27M	593.63M	587.44M
Total Debt	2.90B	3.09B	3.07B	3.61B	4.25B
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

• Technical Analysis Sentiment: Negative
• Last Price: 20.42
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:QBE, the sentiment is Negative. The current price of 20.42 is below the 20-day moving average (MA) of 20.79, below the 50-day MA of 21.43, and below the 200-day MA of 21.02, indicating a bearish trend. The MACD of -0.34 indicates Positive momentum. The RSI at 41.28 is Neutral, neither overbought nor oversold. The STOCH value of 35.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:QBE.

QBE Insurance Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPL	73 Outperform	13.22B	26.40	―	3.75%	6.37%	1.73%
HLI	72 Outperform	1.57B	5.97	21.43%	5.57%	-7.39%	30.01%
QBE	72 Outperform	$30.83B	10.08	18.97%	4.60%	5.93%	14.80%
NHF	72 Outperform	3.61B	18.05	17.98%	3.91%	5.90%	7.22%
SUN	71 Outperform	21.83B	14.38	17.24%	23.59%	-0.54%	―
IAG	65 Neutral	19.23B	14.14	18.54%	3.81%	8.47%	54.09%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

QBE Insurance Group Limited Corporate Events

QBE Insurance Group Issues New Unquoted Equity Securities

QBE Insurance Group Limited has announced the issuance of 2,081 unquoted equity securities, specifically ordinary fully paid shares, as of September 2, 2025. This move is part of the company’s ongoing efforts to manage its equity securities, which could have implications for its capital structure and stakeholder interests.

The most recent analyst rating on (AU:QBE) stock is a Buy with a A$24.50 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 Issues New Unquoted Equity Securities

QBE Insurance Group Limited announced the issuance of 5,655 unquoted equity securities, specifically ordinary fully paid shares, as of August 28, 2025. This move signifies the company’s ongoing efforts to manage its equity structure and could potentially impact its market positioning and shareholder value.

The most recent analyst rating on (AU:QBE) stock is a Buy with a A$24.50 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 Announces CFO Resignation and Transition Plan

QBE Insurance Group Limited announced the resignation of its Chief Financial Officer, Inder Singh, who is leaving to take up a similar role outside the insurance sector. The company is conducting a search for a new CFO, with Singh remaining in his position to ensure a smooth transition. This leadership change could impact QBE’s financial strategy and operations, and stakeholders will be observing the transition closely.

The most recent analyst rating on (AU:QBE) stock is a Buy with a A$25.77 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.

Macquarie Group Ceases Substantial Holding in QBE Insurance

Macquarie Group Limited, along with its controlled entities, has ceased to be a substantial holder in QBE Insurance Group Limited. This change in holding reflects a shift in Macquarie’s investment strategy and could impact QBE’s shareholder composition, potentially influencing its market dynamics and stakeholder interests.

The most recent analyst rating on (AU:QBE) stock is a Buy with a A$25.77 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 Announces Director’s Share Acquisition

QBE Insurance Group Limited has announced a change in the director’s interest, specifically involving Kathryn Lisson. The change reflects an acquisition of 697 fully paid ordinary shares under the Directors’ Share Acquisition Plan, increasing her total holdings in this plan to 41,029 shares. This transaction was conducted as an on-market purchase, indicating continued confidence and investment in the company’s prospects.

The most recent analyst rating on (AU:QBE) stock is a Buy with a A$19.30 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 Issues Unquoted Securities for Employee Incentive

QBE Insurance Group Limited announced the issuance of 78,594 unquoted securities under an employee incentive scheme, with restrictions on transfer until the restriction period ends. This move is part of QBE’s strategy to incentivize its employees, potentially impacting its operational dynamics by aligning employee interests with company performance.

The most recent analyst rating on (AU:QBE) stock is a Buy with a A$19.30 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 Clarifies Dividend Payment Options

QBE Insurance Group Limited announced an update to its previous dividend distribution notification, clarifying that the default option for shareholders is a cash payment rather than participation in the Dividend Reinvestment Plan (DRP) or Bonus Share Plan (BSP). This update impacts the company’s financial operations by ensuring clarity in shareholder options, potentially affecting investor relations and market perception.

The most recent analyst rating on (AU:QBE) stock is a Buy with a A$19.30 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.