tiprankstipranks
Trending News
More News >
QBE Insurance Group Limited (AU:QBE)
ASX:QBE
Advertisement

QBE Insurance Group Limited (QBE) AI Stock Analysis

Compare
134 Followers

Top Page

AU:QBE

QBE Insurance Group Limited

(Sydney:QBE)

Select Model
Select Model
Select Model
Neutral 66 (OpenAI - 4o)
Rating:66Neutral
Price Target:
AU$21.00
â–²(5.53% Upside)
QBE Insurance's overall stock score is driven by strong financial performance and reasonable valuation. However, technical analysis indicates bearish momentum, which weighs down the score. The absence of earnings call data and corporate events means these factors do not influence the score.

QBE Insurance Group Limited (QBE) vs. iShares MSCI Australia ETF (EWA)

QBE Insurance Group Limited Business Overview & Revenue Model

Company DescriptionQBE Insurance Group Limited (QBE) is a global insurance and reinsurance company headquartered in Sydney, Australia. Established in 1886, QBE operates across multiple sectors, including property and casualty insurance, specialty insurance, and reinsurance. The company provides a diverse range of products and services aimed at individuals, businesses, and institutions, including coverage for property, motor, liability, and workers' compensation, as well as specialized insurance solutions tailored to specific industries.
How the Company Makes MoneyQBE generates revenue primarily through the collection of premiums from policyholders in exchange for insurance coverage. The company's revenue model is based on underwriting profits, which are derived from the difference between the premiums received and the claims paid out. This underwriting process is supported by rigorous risk assessment and management strategies. In addition to premium income, QBE also earns investment income from the funds it holds, as premiums are typically collected before claims are paid. This investment income is generated from various asset classes, including equities, bonds, and real estate. Furthermore, QBE partners with brokers and other distribution channels to enhance its market reach and expand its portfolio of offerings, contributing to its overall revenue growth.

QBE Insurance Group Limited Earnings Call Summary

Earnings Call Date:Aug 07, 2025
(Q4-2024)
|
% Change Since: |
Next Earnings Date:Feb 20, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance with record investment income, improved return on equity, and a solid capital position. However, challenges remain in the crop insurance sector and non-core segment losses in North America. The overall sentiment leans towards positive due to the significant achievements outweighing the challenges.
Q4-2024 Updates
Positive Updates
Strong Revenue and Growth
Headline growth of 3% includes a drag from exited lines and crop. Excluding these, QBE delivered underlying growth of around 9%. The combined operating ratio improved to 93.1% from the previous year.
Record Investment Income
QBE achieved a record investment result with a total income of around $1.5 billion, representing a return of almost 5%.
Return on Equity
QBE reported a return on equity of 18.2%, marking the highest in well over a decade.
Dividend Increase
The final dividend was announced at $0.63, bringing the full-year dividend to $0.87, which is 40% higher than the prior year and represents a full-year payout ratio of 50%.
Improved Catastrophe Costs
Catastrophe costs were comfortably below the allowance, marking the third consecutive year where natural catastrophe costs have trended at or below budget.
Capital Position
QBE's capital position remains very strong with the PCA multiple at 1.86x, and both S&P and Fitch revised their outlook on QBE from stable to positive.
Negative Updates
Underperformance in Crop
QBE's crop insurance performance was disappointing with a combined ratio of 99%, affected by drought and commodity price weakness in specific states.
North America Non-Core Segment Loss
The non-core segment in North America reported a loss of around $220 million due to exposure to convective storms and hurricanes.
Expense Ratio Increase
The expense ratio increased to 12.2%, primarily reflecting higher change spend to support modernization programs.
Company Guidance
In the QBE FY '24 call, the company reported a headline growth of 3% for the fiscal year, while underlying growth, excluding exited lines and crop, was around 9%. QBE's combined operating ratio improved to 93.1%, outperforming their plan of 93.5%. A record investment result yielded a total income of $1.5 billion, reflecting a return of almost 5%. The return on equity was 18.2%, the highest in over a decade. The balance sheet remains strong, with a final dividend of $0.63, bringing the full-year dividend to $0.87, a 40% increase from the previous year, and a payout ratio of 50%. For 2025, QBE anticipates mid-single-digit growth and aims to improve the combined operating ratio to around 92.5%. The company maintained a strong capital position with a PCA multiple of 1.86x and plans to continue focusing on growth opportunities, efficiency, and disciplined capital management.

QBE Insurance Group Limited Financial Statement Overview

Summary
QBE Insurance demonstrates strong financial performance with significant revenue and profit growth, improved leverage, and robust cash flow generation. The income statement shows a solid market position, while the balance sheet reflects financial stability. Opportunities exist for further optimizing leverage and asset utilization.
Income Statement
85
Very Positive
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
78
Positive
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
80
Positive
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue23.17B18.75B17.45B13.40B13.53B11.79B
Gross Profit23.17B18.75B21.85B6.08B5.82B3.46B
EBITDA-19.25B2.69B2.20B1.27B1.22B-1.15B
Net Income2.00B1.78B1.35B587.00M750.00M-1.52B
Balance Sheet
Total Assets47.28B43.85B42.11B33.22B43.24B40.61B
Cash, Cash Equivalents and Short-Term Investments0.001.64B1.37B569.27M819.00M762.71M
Total Debt3.68B2.90B3.09B3.04B3.61B2.75B
Total Liabilities36.38B33.12B32.16B24.30B34.38B33.05B
Stockholders Equity10.90B10.73B9.93B8.86B8.85B7.56B
Cash Flow
Free Cash Flow3.09B2.34B1.33B2.63B2.54B1.25B
Operating Cash Flow3.12B2.58B1.50B2.79B2.66B1.37B
Investing Cash Flow-1.42B-1.48B-428.00M-2.01B-2.77B-2.16B
Financing Cash Flow-951.00M-745.00M-498.00M-790.00M101.00M1.19B

QBE Insurance Group Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price19.90
Price Trends
50DMA
20.62
Negative
100DMA
21.40
Negative
200DMA
21.30
Negative
Market Momentum
MACD
-0.31
Positive
RSI
44.03
Neutral
STOCH
42.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:QBE, the sentiment is Neutral. The current price of 19.9 is below the 20-day moving average (MA) of 20.23, below the 50-day MA of 20.62, and below the 200-day MA of 21.30, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 44.03 is Neutral, neither overbought nor oversold. The STOCH value of 42.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:QBE.

QBE Insurance Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
$13.33B26.6221.28%3.64%6.37%1.73%
72
Outperform
€3.54B17.6918.51%3.85%5.90%7.22%
72
Outperform
$21.06B13.8712.51%24.37%-0.54%26.37%
69
Neutral
€1.45B5.5225.94%5.99%-7.39%30.01%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
66
Neutral
$29.92B9.9018.97%4.72%5.93%14.80%
63
Neutral
$18.78B13.8119.09%3.94%8.47%54.09%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:QBE
QBE Insurance Group Limited
19.90
2.21
12.50%
AU:HLI
Genworth Mortgage Insurance Australia Ltd
5.33
1.74
48.51%
AU:IAG
Insurance Australia Group Limited
7.86
0.39
5.25%
AU:MPL
Medibank Private
4.94
1.39
39.15%
AU:NHF
NIB Holdings Ltd
7.49
1.73
30.08%
AU:SUN
Suncorp Group
19.51
2.01
11.50%

QBE Insurance Group Limited Corporate Events

QBE Insurance Group Appoints New Group CFO
Oct 20, 2025

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 to Redeem USD 300 Million Subordinated Notes
Oct 15, 2025

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.

QBE Insurance Announces Director’s Interest Change
Oct 3, 2025

QBE Insurance Group Limited announced a change in the director’s interest, specifically for Andrew Horton, who has acquired 16,527 unlisted conditional rights as accrued notional bonus shares. This change reflects the issuance of these rights in accordance with the 2025 interim dividend, impacting the director’s direct and indirect holdings in the company.

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 Announces Cessation of Employee Securities
Oct 3, 2025

QBE Insurance Group Limited announced the cessation of 226,708 employee conditional rights to securities as the conditions for these rights were not met or became incapable of being satisfied. This announcement may impact the company’s employee compensation plans and could have implications for stakeholder perceptions regarding the company’s operational and financial management.

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 Issues Unquoted Securities for Employee Incentive
Oct 3, 2025

QBE Insurance Group Limited announced the issuance of 266,013 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 the company’s commitment to incentivizing its employees.

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 Announces Quotation of New Securities
Oct 3, 2025

QBE Insurance Group Limited has announced the quotation of 181,623 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of a dividend or distribution plan. This move is indicative of QBE’s ongoing efforts to enhance shareholder value and maintain its competitive edge in the insurance sector.

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 Updates Dividend Distribution Details
Sep 9, 2025

QBE Insurance Group Limited has updated its previous announcement regarding the dividend distribution to reflect changes in the Dividend Reinvestment Plan (DRP) price and Bonus Share Plan (BSP) price. This update pertains to the dividend distribution related to the six-month financial period ending on June 30, 2025, and highlights the company’s commitment to keeping stakeholders informed about financial adjustments.

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 Issues New Unquoted Equity Securities
Sep 5, 2025

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
Sep 3, 2025

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
Aug 27, 2025

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
Aug 25, 2025

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
Aug 14, 2025

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
Aug 14, 2025

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
Aug 11, 2025

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.

QBE Insurance Group Issues New Securities
Aug 11, 2025

QBE Insurance Group Limited has announced the issuance of 1,083 ordinary fully paid securities, effective from August 4, 2025. This move reflects the company’s ongoing financial activities and could influence its market positioning and stakeholder interests by potentially impacting its capital structure and shareholder value.

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 Group Reports Strong 2025 Half-Year Results
Aug 8, 2025

QBE Insurance Group Limited is an international insurance and reinsurance company headquartered in Sydney, Australia, and listed on the Australian Securities Exchange, known for its strong presence in commercial and specialty markets across North America, International, and Australia Pacific divisions.

QBE Insurance Group Releases 2025 Half-Year Results
Aug 7, 2025

QBE Insurance Group Limited announced its half-year results for the period ending June 30, 2025. The presentation of these results is set to be delivered to investors and analysts, highlighting the company’s financial performance and strategic direction. This announcement, authorized by the QBE Board of Directors, is significant for stakeholders as it provides insights into the company’s operational health and future positioning within the industry.

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 Reports Strong First Half 2025 Results
Aug 7, 2025

QBE Insurance Group Limited reported a strong financial performance for the first half of 2025, with a statutory net profit after tax of $1,022 million, up from $802 million in the same period last year. The company achieved a 6% growth in gross written premiums, supported by organic growth and a strategic reshaping of its portfolio. The combined operating ratio improved to 92.8%, and investment income remained robust at $788 million. QBE’s capital position is strong, with a PCA multiple of 1.85x, and the board declared an interim dividend of 31 Australian cents per share.

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 Releases 2025 Half-Year Investor Report
Aug 7, 2025

QBE Insurance Group Limited has released its Investor Report for the half-year ending June 30, 2025. This report, authorized by the QBE Board of Directors, provides insights into the company’s financial performance and strategic direction for the first half of the year, potentially impacting its operational strategies and market positioning.

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 Announces Dividend Distribution for 2025
Aug 7, 2025

QBE Insurance Group Limited has announced a dividend distribution of AUD 0.31 per share for the six-month period ending June 30, 2025. The ex-dividend date is set for August 19, 2025, with a record date of August 20, 2025, and payment scheduled for September 26, 2025. This announcement reflects QBE’s ongoing commitment to returning value to its shareholders and may impact investor sentiment positively.

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 Reports Strong Half-Year Profit Growth
Aug 7, 2025

QBE Insurance Group Limited reported a 27% increase in net profit after tax for the half year ending June 30, 2025, reaching $1,022 million compared to $802 million in the previous period. This growth was driven by strong organic growth in International and North America, lower strain from exited lines, and favorable central estimate development. The company also benefited from supportive interest rates and strong risk asset returns, with net investment income rising significantly. The interim dividend will be partially franked, and the company plans to satisfy its Dividend Reinvestment Plan through on-market share purchases.

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 18, 2025