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QBE Insurance Group Limited (ASX:QBE)

ALERT: Price-sensitive ASX Announcement for QBE
Current share price for QBE : $23.590 3.53 (17.60%)+
Announcement
Release
20 Feb 2026 7:31AM
Price at Release
$20.060
Full Release
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Summary
In 2025, QBE Insurance Group Limited reported strong financial performance, achieving a combined operating ratio of 91.9% and a significant growth in gross written premium by 7%. The Group's adjusted return on equity was 19.8%, the highest in over a decade. This performance led to a 22 cents increase to 109 cents in the annual dividend and a share buyback of A$450 million. The report highlights the initiation of QBE's first mandatory climate report in compliance with Australian legislation, underlining its commitment to sustainability. Additionally, the risk management framework remains robust, supporting operations across 26 countries. Fiscal measures included a 23.9% effective tax rate, with a net profit after tax of $2,157 million. Leadership changes included the appointment of Chris Killourhy as Group CFO. The report also details enhanced risk management and governance practices.
Key Points
  • QBE delivered a strong financial performance in 2025, with a combined operating ratio of 91.9%, showing improvement from the prior year's 93.1%.
  • Gross written premium increased by 7%, driven by organic growth in targeted lines, while investment returns were robust at $1.6 billion.
  • The Group achieved a high adjusted return on equity of 19.8%, QBE's highest in over a decade.
  • A 22 Australian cents increase to 109 cents in the annual dividend was declared, with a share buyback of A$450 million announced.
  • The 2025 Annual Report includes QBE's first mandatory climate report under Australian Government legislation.
  • QBE's risk management framework supports business across all divisions, aiming to reduce uncertainty and volatility in performance.
  • The Group's effective tax rate was 23.9%, with the net profit after income tax for the year being $2,157 million.
  • QBE maintains a global presence with operations in 26 countries and focuses on delivering a resilient future with a diverse insurance portfolio.
  • Chris Killourhy was appointed as Group Chief Financial Officer, succeeding Inder Singh in 2026.
  • The financial report includes detailed disclosures on risk management, governance, and sustainability initiatives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.