 |
QBE Insurance Group Limited (QBE) |
 Print |
|
You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
|
|
Sign Up Today » it's FREE!
|
Already a member? Login now!
|
|
| Company Name: |
QBE Insurance Group Limited |
| Stock Code: |
QBE |
| Website: |
www.qbe.com |
| Market Cap ($M): |
17,238 |
| Equiv. Shares (M): |
1,032 |
|
|
 |
|
| Current Price |
Open |
High |
Low |
Last Close |
Volume |
Price Movement |
$ 16.700 |
$ 16.480 |
$ 16.820 |
$ 16.330 |
$ 16.580
|
10,985,614 |
$ 0.120 0.724 %
|
|
| Recommendation : |
Hold
|
| Recommendation Date : |
28th Jul 2010 |
| 12 Month Target Price (average) : |
$21.054 |
| Brokers Surveyed : |
10 |
|
| % of Market: |
1.5800 |
| % of Sector: |
n/a |
| Sector: |
Financials |
| Industry Group: |
Insurance |
| Industry: |
Insurance |
|
|
|
|
|
| Company Overview |
| QBE is an Australian insurance and reinsurance group with a strong global presence. The company operates primarily in general insurance markets, with the majority of premium derived from outside of Australia, particularly in the US and Europe. The company has established a strong history of growth by acquisition. |
| Company History |
| In 1886, James Burns started the North Qld Insurance Co to protect his trading company's ships and cargo. This company developed locally and throughout Asia with the trading economies, opening a Hong Kong office in 1887. In 1973, the current QBE was formed through a merger of the Qld Bankers & Traders Insurance and Equitable Life & General. In 1991, the company sold its shareholdings in trading companies (most notably, Burns Philp) and became a pure insurance and reinsurance company. |
| Differentiating Factor |
| QBE has a conservative approach to risk and this is reflected in its high use of reinsurance and low exposure to equity markets. Management is strong with a focus on financials and earnings growth. QBE enjoys a strong brand name in the Asia Pacific region. |
| Major Customers & Competitors |
| QBE's major customers are its policyholders, the majority of whom hold corporate, motor, CTP and/or home and contents insurance policies. In many cases, QBE may deal directly with its policyholders, although corporate business is largely transacted through brokers and agents. QBE's major competitors are local Australian and international general insurance companies such as AIG, Chubb, the merged Suncorp/Promina (GIO & AAMI), IAG (NRMA & CGU) and Allianz. |
|
Year to Dec
|
NPAT
Rep $M |
NPAT1
Adj $M |
EPS
c |
EPS chg
% |
PER
x |
PER rel
All Ords x |
PER rel
Sector x |
DPS
c |
Yield
% |
Franking
% |
ROE
% |
| 2007A |
|
|
n/a |
n/a |
0.0 |
n/a |
n/a |
n/a |
0.0 |
n/a |
|
| 2008A |
|
|
n/a |
n/a |
0.0 |
n/a |
n/a |
n/a |
0.0 |
n/a |
|
| 2009A |
|
|
192.8 |
-6.2 |
8.7 |
0.8 |
1.0 |
128.0 |
7.7 |
20.0 |
|
|
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
|
| QBE |
-21.2264 |
-27.1379 |
-15.7417 |
| Sector |
-10.4109 |
-4.5369 |
11.7885 |
| Market |
-6.7540 |
-1.9465 |
7.4232 |
|
| P/E (x) |
FY07 |
0.0 |
n/a |
n/a |
|
FY08 |
0.0 |
n/a |
n/a |
| Yield (%) |
FY07 |
0.0 |
n/a |
n/a |
|
FY08 |
0.0 |
n/a |
n/a |
| EV/EBIT (x) |
FY07 |
0.0 |
n/a |
n/a |
|
FY08 |
0.0 |
n/a |
n/a |
| EV/EBITDA (x) |
FY07 |
0.0 |
n/a |
n/a |
|
FY08 |
0.0 |
n/a |
n/a |
|
| J Cloney |
Chairman |
| F O`Halloran |
Managing Director & CEO |
| L Bleasel |
Director |
| D Boyle |
Director |
| I Hudson |
Director |
| B Hutchinson |
Director |
| C Irby |
Director |
| I Lee |
Director |
| J Green |
Director |
|
| F O`Halloran |
Managing Director & CEO |
| N Drabsch |
CFO |
| V McLenaghan |
Chief Operating Officer |
| S Burns |
Chief Executive Officer - European Operations |
| T Ibbotson |
Chief Executive Officer - Australian Operations |
| M Goodman |
CEO, Asia Pacific |
| D Ramsay |
Group General Counsel and Company Secretary |
| J Smith |
Group General Manager HR |
| B Nicholls |
Group Chief Actuarial Officer |
| D Fogarty |
President - Equator Re |
|
| Credit Suisse Holding (Australia) Limite |
5.6900 |
| Barclays Global Investors |
5.5600 |
| Aberdeen Asset Management |
5.0100 |
|
| 19-Aug-2010 |
Reporting Date for Half Yearly Result |
| 30-Mar-2010 |
Dividend Date Payable for Half Yearly Result
(66c 20% franked)
|
| 10-Mar-2010 |
Dividend Record Date for Half Yearly Result
(66c 20% franked)
|
| 03-Mar-2010 |
Dividend Ex-Dividend Date for Half Yearly Result
(66c 20% franked)
|
| 26-Feb-2010 |
Reporting Date for Final Year Result |
|
|
Data supplied by Aegis Equities Research Pty Limited (ACN 085 293 910).
|
|
Membership benefits...
- 100% entry fee rebates
- Cash back on your managed fund investments with our innovative TrailCap™ program
- Independent research on...
- over 1,000 managed funds
- over 300 ASX-listed Companies
- top performing suburbs/postcodes
- Access to IPOs/floats & other investment offers
- Superior investment tools...
- Portfolio manager
- Watchlists
- Alerts
- Regular investment e-newsletter
|
Advertisement
eNewsletter |
Keep up to date with new investments and important news - subscribe to our FREE weekly eNewsletters. Sign up now! |
Featured Promotions
Sydney Morning Herald 31/07/2010 | GRAINCORP and AWB have agreed on a multibillion-dollar merger so they can compete against larger rivals in the consolidating global agribusiness sector.
The Age 31/07/2010 | GRAINCORP and AWB have agreed to a multibillion-dollar merger in a bid to compete against larger rivals in an increasingly consolidating global agribusiness sector.
The Age 31/07/2010 | The irony is its strength in the Middle East will be a boon to GrainCorp.
Sydney Morning Herald 31/07/2010 | I t's official: money doesn't buy you happiness. But financial security certainly seems to play a role in whether you're a glass half full or glass half empty type of person.
The Age 31/07/2010 | This reporting season will provide something for everyone, from wary retail investors and professional fund managers to stockbroking analysts, writes Ian McIlwraith.
Sydney Morning Herald 31/07/2010 | Most of us want to make a buck and retire early. But for the golden oldies of business, there's no question of quitting, writes Michael Evans.
More...
|
|
