Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
QBE Insurance Group Limited (QBEIF)
:QBEIF
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.58Last Year’s EPS
0.64Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Aug 08, 2024
|% Change Since: 6.02%
|Next Earnings Date:Feb 21, 2025
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.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.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.
---
QBEIF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
QBEIF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 08, 2024 | $11.13 | $10.55 | -5.21% |
| Feb 15, 2024 | $10.65 | $10.44 | -1.97% |
| Aug 09, 2023 | $10.18 | $9.90 | -2.75% |
| Feb 16, 2023 | $9.15 | $9.81 | +7.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does QBE Insurance Group Limited (QBEIF) report earnings?
QBE Insurance Group Limited (QBEIF) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is QBE Insurance Group Limited (QBEIF) earnings time?
QBE Insurance Group Limited (QBEIF) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QBEIF EPS forecast?
QBEIF EPS forecast for the fiscal quarter 2024 (Q4) is 0.58.
---