QBE INSURANCE GROUP LIMITED (QBE)
Share Price Analysis and Chart

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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 | ASX200 | 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

$20.07

20 Feb
2025

-0.270

OPEN

$20.26

-1.33%

HIGH

$20.37

4,095,442

LOW

$20.07

TARGET
$21.827 8.8% upside
Franking for last dividend paid out: 20%
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 FY24
Forecast		 FY25
Forecast
EPS (cps) 167.8 xxx
DPS (cps) 72.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.3 xxx
Dividend Yield 3.5% xxx
Div Pay Ratio(%) 43.4% 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: 5.14%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.00

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: 16/08 - ex-div 24c (franking 20%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx132.0
DPS All xxxxxxxxxxxxxxx62.0
Sales/Revenue xxxxxxxxxxxxxxx32,609.4 M
Book Value Per Share xxxxxxxxxxxxxxx976.0
Net Operating Cash Flow xxxxxxxxxxxxxxx2,264.4 M
Net Profit Margin xxxxxxxxxxxxxxx6.26 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx14.12 %
Return on Invested Capital xxxxxxxxxxxxxxx11.64 %
Return on Assets xxxxxxxxxxxxxxx3.20 %
Return on Equity xxxxxxxxxxxxxxx14.67 %
Return on Total Capital xxxxxxxxxxxxxxx17.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,565.3 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1,111 M
Long Term Debt xxxxxxxxxxxxxxx3,413 M
Total Debt xxxxxxxxxxxxxxx4,524 M
Goodwill - Gross xxxxxxxxxxxxxxx2,339 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,002 M
Price To Book Value xxxxxxxxxxxxxxx1.52

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx253.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.78 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,674 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx42,424 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

0.7

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

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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Morgans

20/01/2025

1

Add

$21.74

8.32%

Morgans marks-to-market earnings forecasts for insurance and diversified financials, considering market performance, the weaker AUD, and higher bond yields in Australia, the US, and Great Britain.

The broker expects QBE Insurance to report 2024 results in line with guidance, noting the company's exact exposure to the LA fires remains a "live event," with estimated insurance industry losses of around -US$40bn.

Morgans lifts the 2024 EPS estimate by 6% and lowers 2025 by -1%. Target price rises to $21.74 from $21.37 on a valuation rollover. No change to Add rating.

FORECAST
Morgans forecasts a full year FY24 dividend of 57.00 cents and EPS of 168.24 cents.
Morgans forecasts a full year FY25 dividend of 60.00 cents and EPS of 181.37 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

02/12/2024

1

Buy

$21.80

8.62%

Jarden observes QBE Insurance has reiterated FY24 guidance for a combined operating ratio (COR) below 93.5%, supported by a multi-year de-risking strategy and portfolio rebalancing towards higher-margin international business.

Premium rate increases averaged 4.9% in the third quarter, down from 5.7% in the second quarter, while constant currency GWP growth year-to-date was 2%, impacted by non-core portfolio exits, explain the analysts.

Catastrophe (CAT) costs for the year to October reached -US$425m, equating to 74% of the budget, with Jarden anticipating a US$120m beat on FY24 CAT allowances.

The absence of out-of-cycle reserving updates reflects a robust balance sheet, highlights the broker, though adverse US harvest yields may result in FY24 Crop COR reaching 94%.

Jarden raises its target price to $21.80 from $20.90 and retains a Buy rating.

FORECAST
Jarden forecasts a full year FY24 dividend of 83.00 cents and EPS of 167.94 cents.
Jarden forecasts a full year FY25 dividend of 90.00 cents and EPS of 174.20 cents.
Access Extra Coverage Research History >

QBE STOCK CHART

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