QBE INSURANCE GROUP LIMITED (QBE)
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QBE

QBE - QBE INSURANCE GROUP LIMITED

FNArena Sector : Insurance
Year End: December
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index: ASX20 | ASX50 | ASX100 | ASX300 | ALL-ORDS

QBE Insurance Group is an Australian insurance company operating in North America, Europe, Australia & New Zealand and the Asia Pacific region. It was listed in 1973 following the merger of three companies whose names represent the letters of the combined company.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$24.83

16 Jul
2026

-0.400

OPEN

$25.00

-1.59%

HIGH

$25.32

4,222,910

LOW

$24.57

TARGET
$25.34 2.1% upside
Franking for last dividend paid out: 30%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . MPL . NHF . NOL . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
QBE: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 203.7 xxx
DPS (cps) 99.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.3 xxx
Dividend Yield 4.0% xxx
Div Pay Ratio(%) 48.8% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 6.99%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.36

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 05/03 - ex-div 78.00c (franking 30%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx219.1
DPS All xxxxxxxxxxxxxxx109.0
Sales/Revenue xxxxxxxxxxxxxxx37,399.9 M
Book Value Per Share xxxxxxxxxxxxxxx1,162.1
Net Operating Cash Flow xxxxxxxxxxxxxxx6,549.2 M
Net Profit Margin xxxxxxxxxxxxxxx8.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx18.99 %
Return on Invested Capital xxxxxxxxxxxxxxx15.40 %
Return on Assets xxxxxxxxxxxxxxx4.58 %
Return on Equity xxxxxxxxxxxxxxx19.21 %
Return on Total Capital xxxxxxxxxxxxxxx20.92 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx5,263.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx1,371 M
Long Term Debt xxxxxxxxxxxxxxx4,523 M
Total Debt xxxxxxxxxxxxxxx5,893 M
Goodwill - Gross xxxxxxxxxxxxxxx2,368 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,803 M
Price To Book Value xxxxxxxxxxxxxxx1.71

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx209.4 M
Capex % of Sales xxxxxxxxxxxxxxx0.56 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,756 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx51,062 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

25/05/2026

1

Buy

$23.95

-3.54%

UBS highlights Lloyd's 2Q26 market update included "strong warnings that the market is softening more rapidly than expected".

The re-insurer has stated syndicates must place margin protection over top-line growth to retain capital strength and resilience. Lloyds is expected to adopt a more "interventionist" approach for 2027 growth plans.

The broker states it is expected to restrict the ambitions of syndicates that are unable to show strong cycle management. QBE Insurance is noted as one of the largest operators which represents around 10% of gross written premium.

Due to QBE's robust underwriting record UBS expects it won't be caught up.

Buy. Target $23.95.

FORECAST
UBS forecasts a full year FY26 dividend of 99.00 cents and EPS of 192.48 cents.
UBS forecasts a full year FY27 dividend of 109.00 cents and EPS of 208.63 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

12/05/2026

3

Neutral

$21.30

-14.22%

Jarden maintains a Neutral rating for QBE Insurance and lowers the target price to $21.30 from $21.80 following a first-quarter trading update showing softer-than-expected underlying volume momentum.

Ex-rate and ex-crop premium growth of 2% fell short of implied guidance, highlighting an increasing difficulty in sustaining top-line expansion while simultaneously defending margins amid softening commercial insurance pricing.

A constructive El Nino outlook is expected to deliver a benign catastrophe year, potentially masking deteriorating attritional losses as premium rate rises fall further below claims inflation.

Earnings per share forecasts have been upgraded by 6% to 138.8c in FY26 due to an anticipated first-half catastrophe budget beat alongside favourable foreign exchange and investment income movements, with FY27 estimates lifting 2% to 145.1c.

The minor target price reduction solely reflects recent foreign exchange translation impacts within the valuation model.

FORECAST
Jarden forecasts a full year FY26 dividend of 100.00 cents and EPS of 203.79 cents.
Jarden forecasts a full year FY27 dividend of 102.00 cents and EPS of 213.04 cents.
Access Extra Coverage Research History >

QBE STOCK CHART

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Jun 04 2026 - Rudi's View

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