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QBE Insurance Group Limited (ASX: QBE) - Financials

- Current share price for QBE : $17.790

QBE Insurance Group (QBE) is involved in underwriting general insurance and reinsurance risks, management of Lloyd's syndicates and investment management.

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QBE Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E		 Relative P/E Shareholder Return
2023 147.5 ¢ 132.8 ¢ 60.2 ¢ 10% $9.74 11.2 74.2% 13.6%
2022 278.1 ¢ 84.6 ¢ 0 ¢ 10% $8.94 14.2 85.9% 21.2%
2021 257.5 ¢ 75.2 ¢ 30 ¢ 10% $8.29 14.2 120.2% 34.3%

QBE Historical Financials

2023 2022 2021
Net Earned Premium ($M) 19,790.4 18,478.5
Claims Expense ($M) 6,441.5 -10,803 -10,172.3
Underwriting Profit ($M) 6,441.5 1,923.2 2,059
Net Loss Ratio (%) 54.6 55
Net Expense Ratio (%) 35.7 33.8
Combined Ratio (%) 90.3 88.9
Investment Income ($M) 2,055.6 -1,102.6 202.6
Unrealised Gains & Losses ($M)
Net Profit Before Abs ($M) 1,978.1 1,253.1 1,108
Net Profit After Abs ($M) 1,981 1,136.5 1,033.6
Income Tax Rate (%) 25.8 15.3 17.1
Employees ($T) 11.7
Shareholders Equity ($M) 14,551.2 13,272.3 12,240.9
Return on Equity (%) 13.6 9.4 9
Payout Ratio (%) 45 40

QBE Cashflow

2023 2022 2021
Premiums Received ($M) 30,591 27,166 23,456
Net Operating Cashflow ($M) 2,197 4,121 3,795
Net Investing Cashflow ($M) -626 -2,962 -3,819
Net Financing Cashflow ($M) -728 -1,166 139

QBE Market & Earnings

2023 2022 2021
Market Cap ($M) 22,126 19,944 16,764
Dividend Yield (%) 4.2 2.9 2.6
NTA Per Share ($) 7.67 6.93 6
EBT Before Abs ($M) 2,683 1,473 1,360
Solvency (%) 67.1 66.2

QBE Balance Sheet

2023 2022 2021
Cash ($M)1,997 1,230 1,129
Receivables ($M)
Investments ($M)
Other Current Assets ($M)413.7 422.1 275.6
Total Current Assets ($M)31,561 38,982 31,307
Receivables ($M) 5,365 6,776
Investments ($M)25,382 24,109 24,979
Property, Plant & Equipment ($M)559.9 630.3 665.7
Other Non-Current Assets ($M)4,058 3,979 4,220
Total Non-Current Assets ($M)30,000 34,084 36,641
Total Assets ($M)61,561 73,066 67,948
Current Unearned Premium ($M) 11,709 10,814
Claims Outstanding ($M) 13,447
Current Accounts Payable ($M)631.6 4,922.5 4,174.5
Short Term Debt ($M)545.3 1,170.5 622.9
Current Provisions ($M)185.7 57.6 33.1
Other Current Liabilities ($M) -1,686
Total Current Liabilities ($M)1,363 16,174 29,092
Non-Current Unearned Premium ($M) 3,371 1,089
Claims Outstanding ($M)
Non-Current Accounts Payable ($M) 307 256.3
Long Term Debt ($M)4,513 3,895 4,992
Non-Current Provisions ($M)798.2 516.6 220.5
Other Non-Current Liabilities ($M)33.6 38.4 40
Total Non-Current Liabilities ($M)45,648 43,619 26,615
Total Liabilities ($M)47,010 59,793 55,707
Net Assets ($M)14,551 13,272 12,241
Outside Equity ($M)

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