QBE Insurance Group Limited (ASX: QBE) - Financials

Current share price for QBE : $25.015 0.185 (0.75%)⁺

QBE Insurance Group Limited (QBE) is an international insurer and reinsurer headquartered in Sydney, Australia, and listed on the Australian Securities Exchange. The company operates through three divisions: North America, International, and Australia Pacific. It holds positions in commercial and specialty insurance markets.

QBE Per Share

Year to Jun	Cashflow	Earnings	Dividends	Franking	Book Value	Average Annual P/E	Relative P/E	Shareholder Return
2025	414.3 ¢	201.4 ¢	109 ¢	29%	$11.58	10.52	75.6%	8.1%
2024	275.9 ¢	201 ¢	87 ¢	20%	$11.47	8.59	62.1%	35.1%
2023	147.5 ¢	132.8 ¢	60.2 ¢	10%	$9.74	11.22	81.6%	13.6%

QBE Historical Financials

	2025	2024	2023
Net Earned Premium ($M)	34,295.5	27,852.7	23,359.6
Claims Expense ($M)	-14,309	-16,453.3	-13,646.2
Underwriting Profit ($M)	15,156.1	6,599.6	5,450.3
Net Loss Ratio (%)	41.7	59.1	58.4
Net Expense Ratio (%)	14.1	17.2	18.2
Combined Ratio (%)	55.8	76.3	76.7
Investment Income ($M)	2,565.4	2,173.1	2,055.6
Unrealised Gains & Losses ($M)
Net Profit Before Abs ($M)	3,067.4	3,017.5	1,978.1
Net Profit After Abs ($M)	3,222.8	2,861.5	1,981
Income Tax Rate (%)	23.9	22	25.8
Employees ($T)	13.2	13.3	13.5
Shareholders Equity ($M)	17,440.6	17,260.7	14,551.2
Return on Equity (%)	17.6	17.5	13.6
Payout Ratio (%)	54	43	45

QBE Cashflow

	2025	2024	2023
Premiums Received ($M)	34,296	37,085	30,591
Net Operating Cashflow ($M)	6,310	4,142	2,197
Net Investing Cashflow ($M)	-4,285	-2,374	-626
Net Financing Cashflow ($M)	-1,608	-1,198	-728

QBE Market & Earnings

	2025	2024	2023
Market Cap ($M)	29,954	28,896	22,126
Dividend Yield (%)	5.5	4.5	4.2
NTA Per Share ($)	9.49	9.37	7.67
EBT Before Abs ($M)	4,095	3,841	2,683
Solvency (%)	50.8	62	62.3

QBE Balance Sheet

	2025	2024	2023
Cash ($M)	2,792	2,635	1,997
Receivables ($M)
Investments ($M)
Other Current Assets ($M)	165.8	546.9	413.7
Total Current Assets ($M)	31,750	33,397	31,561
Receivables ($M)
Investments ($M)	36,449	32,474	25,382
Property, Plant & Equipment ($M)	422.8	464.9	559.9
Other Non-Current Assets ($M)	3,895	4,190	4,058
Total Non-Current Assets ($M)	40,766	37,129	30,000
Total Assets ($M)	72,516	70,526	61,561
Current Unearned Premium ($M)
Claims Outstanding ($M)
Current Accounts Payable ($M)	1,062.3	583.9	631.6
Short Term Debt ($M)	92.6	646.6	545.3
Current Provisions ($M)	153.9	74	185.7
Other Current Liabilities ($M)
Total Current Liabilities ($M)	1,309	1,304	1,363
Non-Current Unearned Premium ($M)
Claims Outstanding ($M)
Non-Current Accounts Payable ($M)
Long Term Debt ($M)	5,872	4,657	4,513
Non-Current Provisions ($M)	1,159.4	1,050.3	798.2
Other Non-Current Liabilities ($M)	31.4	33.8	33.6
Total Non-Current Liabilities ($M)	53,767	51,961	45,648
Total Liabilities ($M)	55,075	53,265	47,010
Net Assets ($M)	17,441	17,261	14,551
Outside Equity ($M)

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