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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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.17B | 18.75B | 17.45B | 13.40B | 13.53B | 11.79B |
| Gross Profit | 23.17B | 18.75B | 21.85B | 6.08B | 5.82B | 3.46B |
| EBITDA | -19.25B | 2.69B | 2.20B | 1.27B | 1.22B | -1.15B |
| Net Income | 2.00B | 1.78B | 1.35B | 587.00M | 750.00M | -1.52B |
Balance Sheet | ||||||
| Total Assets | 47.28B | 43.85B | 42.11B | 33.22B | 43.24B | 40.61B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 1.64B | 1.37B | 569.27M | 819.00M | 762.71M |
| Total Debt | 3.68B | 2.90B | 3.09B | 3.04B | 3.61B | 2.75B |
| Total Liabilities | 36.38B | 33.12B | 32.16B | 24.30B | 34.38B | 33.05B |
| Stockholders Equity | 10.90B | 10.73B | 9.93B | 8.86B | 8.85B | 7.56B |
Cash Flow | ||||||
| Free Cash Flow | 3.09B | 2.34B | 1.33B | 2.63B | 2.54B | 1.25B |
| Operating Cash Flow | 3.12B | 2.58B | 1.50B | 2.79B | 2.66B | 1.37B |
| Investing Cash Flow | -1.42B | -1.48B | -428.00M | -2.01B | -2.77B | -2.16B |
| Financing Cash Flow | -951.00M | -745.00M | -498.00M | -790.00M | 101.00M | 1.19B |
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 |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$1.46B | 5.54 | 25.94% | 5.51% | -7.39% | 30.01% | |
72 Outperform | €3.34B | 16.69 | 18.51% | 4.17% | 5.90% | 7.22% | |
71 Outperform | AU$13.36B | 26.68 | 21.28% | 3.73% | 6.37% | 1.73% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $30.26B | 10.05 | 18.97% | 4.68% | 5.93% | 14.80% | |
65 Neutral | $18.91B | 12.45 | 12.51% | 26.88% | -0.54% | 26.37% | |
63 Neutral | $18.97B | 13.95 | 19.09% | 3.91% | 8.47% | 54.09% |
QBE Insurance Group Limited Corporate Events
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.
QBE Insurance Group Limited announced the issuance of 2,564 unquoted equity securities, specifically ordinary fully paid shares, on November 17, 2025. This move reflects the company’s ongoing efforts to manage its equity structure, which may have implications for its market positioning and stakeholder interests.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.50 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 Group Limited announced the cessation of 1,500 subordinated convertible notes due to repayment or redemption without conversion. This move may impact the company’s financial structure and could be part of a broader strategy to manage its debt and capital efficiently, potentially affecting its market positioning and stakeholder interests.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.50 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 Group Limited has announced that Yasmin Allen AM will succeed Mike Wilkins AO as the Chair of the Group Board, effective May 8, 2026. Allen, who joined the board in 2022, brings extensive experience across multiple sectors and is expected to guide QBE into its next chapter. The transition marks the end of Wilkins’ tenure, during which he led significant transformations and strengthened governance at QBE. The leadership change is anticipated to continue supporting QBE’s strategic priorities and enhance its industry positioning.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.50 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 Group Limited has announced the completion of the redemption of its USD 300 million 6.10% Fixed Rate Subordinated Notes due 2045. This move, which follows an earlier announcement, signifies a strategic financial decision as the notes have been cancelled and delisted from the Singapore Exchange, potentially impacting the company’s debt structure and market positioning.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.50 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 Group Limited has announced its key financial dates for 2026, including the release of full-year and half-year results, dividend announcements, and the Annual General Meeting. These dates are crucial for stakeholders to track the company’s financial performance and strategic decisions throughout the year.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.50 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 Group Limited has announced the pricing of USD300 million of Fixed Rate Resetting Subordinated Notes due 2037, which will be eligible as Tier 2 Capital under APRA’s capital adequacy framework. These notes, with a 12-year term and an initial fixed interest rate of 5.239% per annum, are callable by QBE in 2032, subject to APRA’s approval, and are designed to strengthen QBE’s capital structure, potentially impacting its financial stability and market positioning.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$23.50 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 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, with further details to be provided in a subsequent announcement, reflecting QBE’s commitment to strengthening its financial position and supporting its operational objectives.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$25.00 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 43,330 unquoted securities under an employee incentive scheme. These securities are subject to transfer restrictions and are not listed on the ASX until the restrictions are lifted, indicating a strategic move to incentivize and retain employees.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$25.00 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 the appointment of Chris Killourhy as the new Group Chief Financial Officer, effective January 1, pending regulatory approvals. Chris, who has been with QBE since 2015, brings extensive experience from various senior roles within the company and the broader insurance industry. His appointment is seen as a strategic move to leverage internal talent and drive QBE’s global finance function towards greater consistency and quality. This leadership change is expected to support QBE’s ongoing efforts to enhance its business predictability and operational success.
The most recent analyst rating on (AU:QBE) stock is a Hold with a A$21.00 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 the redemption of its USD 300 million 6.10% Fixed Rate Subordinated Notes due in 2045. The redemption, approved by APRA, will occur on November 12, 2025, and involves the repayment of the principal amount along with accrued interest. This move does not necessarily indicate future redemptions of other regulatory capital instruments by QBE, as any such actions would require prior approval from APRA.
The most recent analyst rating on (AU:QBE) stock is a Buy with a A$24.70 price target. To see the full list of analyst forecasts on QBE Insurance Group Limited stock, see the AU:QBE Stock Forecast page.