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QBE Insurance Group Limited (ASX:QBE)

ALERT: Price-sensitive ASX Announcement for QBE
Current share price for QBE : $22.480 -0.99 (-4.22%)+
Announcement
Release
14 Aug 2026 7:30AM
Price at Release
$23.470
Full Release
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Summary
QBE Insurance Group Limited reported its 2026 half-year results, showcasing a 6% growth in gross written premium on a constant currency basis. The net profit after tax rose to $1,033 million from $997 million in the previous period. The combined operating ratio stood at 92.8%, aligning with the full-year outlook of approximately 92.5%. Investment income reached $828 million, delivering a 2.3% return. An interim dividend of 33 Australian cents per share was declared. Key capital efficiency initiatives include the sale of the Trade Credit business. The expense ratio increased to 12.4%, while the net commission ratio slightly rose to 18.1%. Debt to total capital remained at 24.1%, and funds under management grew to $36.6 billion.
Key Points
  • Gross written premium grew by 6% on a constant currency basis.
  • Net profit after tax increased to $1,033 million, up from $997 million.
  • The combined operating ratio was 92.8%, aligned with FY26 outlook of ~92.5%.
  • Investment income totaled $828 million, with a 2.3% return.
  • An interim dividend of A$33c per share was declared.
  • Capital efficiency initiatives include the sale of the Trade Credit business.
  • The expense ratio increased to 12.4% from 12.1%.
  • The net commission ratio slightly increased to 18.1%.
  • Debt to total capital remained at 24.1%.
  • Funds under management increased to $36.6 billion.
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.