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QBE Insurance Group Limited (ASX:QBE)

ALERT: Price-sensitive ASX Announcement for QBE
Current share price for QBE : $22.260 -1.21 (-5.16%)+
Announcement
Release
14 Aug 2026 7:30AM
Price at Release
$23.470
Full Release
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Summary
QBE Insurance Group Limited's 2026 Half Year Results Presentation highlights a strong start to the year with performance metrics aligning with key targets. The Group achieved a gross written premium (GWP) growth of 6% on a constant currency basis, maintaining a combined operating ratio (COR) of 92.8%. The adjusted return on equity stood at 17.7%, exceeding the medium-term outlook of 15%. QBE continued to demonstrate strong capital management with a PCA multiple of 1.82x. The company executed a A$450 million buyback and announced a sale of their Trade Credit business as part of capital efficiency initiatives. The financial outlook remains positive with ongoing portfolio optimization, resilience against catastrophic losses, and a disciplined approach to capital allocation.
Key Points
  • Strong GWP growth of 6% on a constant currency basis.
  • Maintained a combined operating ratio of 92.8%.
  • Adjusted ROE of 17.7%, surpassing the 15% medium-term target.
  • A$450 million buyback completed, with further capital efficiency initiatives announced.
  • Sale of Trade Credit business to enhance capital management.
  • Resilience against catastrophic losses underpinned by reinsurance programs.
  • Continued emphasis on portfolio optimization and risk management.
  • Financial outlook supports sustainable growth and profitability.
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.