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 | 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

$21.90

24 Mar
2025

0.060

OPEN

$21.75

0.27%

HIGH

$22.08

2,635,487

LOW

$21.70

TARGET
$22.956 4.8% 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 FY25
Forecast		 FY26
Forecast
EPS (cps) 179.5 xxx
DPS (cps) 90.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.2 xxx
Dividend Yield 4.1% xxx
Div Pay Ratio(%) 50.1% 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: 7.63%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.98

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 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx174.6
DPS All xxxxxxxxxxxxxxx87.0
Sales/Revenue xxxxxxxxxxxxxxx34,596.8 M
Book Value Per Share xxxxxxxxxxxxxxx1,151.3
Net Operating Cash Flow xxxxxxxxxxxxxxx3,903.9 M
Net Profit Margin xxxxxxxxxxxxxxx7.80 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx16.43 %
Return on Invested Capital xxxxxxxxxxxxxxx13.68 %
Return on Assets xxxxxxxxxxxxxxx3.99 %
Return on Equity xxxxxxxxxxxxxxx16.90 %
Return on Total Capital xxxxxxxxxxxxxxx19.50 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2,841.1 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx570 M
Long Term Debt xxxxxxxxxxxxxxx4,106 M
Total Debt xxxxxxxxxxxxxxx4,676 M
Goodwill - Gross xxxxxxxxxxxxxxx2,374 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,646 M
Price To Book Value xxxxxxxxxxxxxxx1.67

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx230.4 M
Capex % of Sales xxxxxxxxxxxxxxx0.67 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,213 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx47,252 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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Ord Minnett

24/02/2025

3

Hold

$23.00

5.02%

Ord Minnett observes that 2H 2024 earnings were higher than expected, resulting from lower CAT costs, and the dividend announced was highlighted as a positive surprise.

The commentary infers gross written premium and volumes of around 3%-4% for 2025, which is viewed as upbeat against the view that the industry is at or near the top of the cycle.

The broker raises EPS estimates by 1% for 2025 and 3% for 2026, with $500m in buybacks expected for both years.

Target price lifts to $23 from $21.90. No change to Hold rating.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

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

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

03/03/2025

1

Buy

$23.65

7.99%

With QBE Insurance delivering a clean result --profit 4% ahead of consensus-- and providing guidance ahead of expectations, Jarden views this as proof the strategy is coming to fruition. 

Although QBE has traded at a historical discount to global and domestic insurers due to earnings inconsistency, Jarden argues the discount is presently potentially unwarranted.

Longer term, QBE discussed ambitions of mid-single-digit ex-rate growth, which alongside 3% of rate suggests mid-to-high single digit level of growth, though Jarden is more conservative in its forecasts.

Target rises to $23.65 from $23.30, Buy retained.

FORECAST
Jarden forecasts a full year FY25 dividend of 94.00 cents and EPS of 176.16 cents.
Jarden forecasts a full year FY26 dividend of 101.00 cents and EPS of 186.89 cents.
Access Extra Coverage Research History >

QBE STOCK CHART

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Mar 07 2025 - Australia

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