Company Reports

QBE Insurance is an international property and casualty insurance company with USD 24 billion of annual gross written premiums. It writes about 25% of its annual premiums in its home region of Australia and New Zealand and 25% in North America. Commercial and specialty insurance lines make up two-thirds of insurance revenue, and the offering is extremely wide-ranging across property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health. The size and diversity of insurance is built on the back of hundreds of acquisitions made over decades.

QBE Insurance's first-half 2026 profit increased 4% to USD 1 billion, largely driven by 6% growth in gross written premium, further supported by higher investment income. The firm announced a 30% franked interim dividend of AUD 33 cents per share and maintained guidance for the full year.

QBE Insurance is an international property and casualty insurance company with USD 24 billion of annual gross written premiums. It writes about 25% of its annual premiums in its home region of Australia and New Zealand and 25% in North America. Commercial and specialty insurance lines make up two-thirds of insurance revenue, and the offering is extremely wide-ranging across property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health. The size and diversity of insurance is built on the back of hundreds of acquisitions made over decades.

QBE Insurance's first-quarter 2026 gross written premiums increased 11% on last year, or 7% on a constant-currency basis. With catastrophe costs tracking within allowances, including a modest impact from the Middle East conflict, guidance on premiums and underwriting profitability stands.

QBE Insurance's 2025 NPAT increased 23% to USD 2.1 billion, with 7% growth in gross written premiums boosted by a lower claims ratio and higher investment income. Lower catastrophe costs and prior-year claims that cost less than reserved were the main contributors. Shares rose 7%.

QBE Insurance is an international property and casualty insurance company with USD 24 billion of annual gross written premiums. It writes about 25% of its annual premiums in its home region of Australia and New Zealand and 25% in North America. Commercial and specialty insurance lines make up two-thirds of insurance revenue, and the offering is extremely wide-ranging across property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health. The size and diversity of insurance is built on the back of hundreds of acquisitions made over decades.

QBE Insurance is an international property and casualty insurance company with over USD 22 billion of annual gross written premiums. It writes about 25% of its annual premiums in its home region of Australia and New Zealand and over 30% in North America. Commercial and specialty insurance lines make up two-thirds of insurance revenue, and the offering is extremely wide-ranging across property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health. The size and diversity of insurance is built on the back of hundreds of acquisitions made over decades.

QBE Insurance's shares trended lower on the back of its third-quarter 2025 update. Gross written premium growth of 6% for the first nine months is in line with growth achieved in the first half. Catastrophe claims, which can be volatile, are tracking below expectations of USD 1.2 billion.

QBE Insurance's first-half 2025 profit increased 28% to USD 997 million, largely driven by lower catastrophe costs and prior-year claims that cost less than was reserved for. The top-line growth of 6% and higher investment income also positively contributed.

QBE Insurance is an international property and casualty insurance company with over USD 22 billion of annual gross written premiums. It writes about 25% of its annual premiums in its home region of Australia and New Zealand and over 30% in North America. Commercial and specialty insurance lines make up two-thirds of insurance revenue, and the offering is extremely wide-ranging across property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health. The size and diversity of insurance is built on the back of hundreds of acquisitions made over decades.

Shares responded positively to QBE Insurance's first-quarter 2025 update. Gross written premium, or GWP, growth was 8%, accelerating from 2%-3% in the last two quarters. Catastrophe claims, which can be volatile, are tracking to management expectations of USD 1.2 billion.

QBE Insurance is an international property and casualty insurance company with over USD 22 billion of annual gross written premiums. It writes about 25% of its annual premiums in its home region of Australia and New Zealand and over 30% in North America. QBE is predominantly focused on specialty insurance lines, but the offering is extremely wide-ranging across property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health. The size and diversity of insurance is built on the back of hundreds of acquisitions made over decades.

QBE Insurance is an international property and casualty insurance company with over USD 22 billion of annual gross written premiums. It writes about 25% of its annual premiums in its home region of Australia and New Zealand and over 30% in North America. QBE is predominantly focused on specialty insurance lines, but the offering is extremely wide-ranging across property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health. The size and diversity of insurance is built on the back of hundreds of acquisitions made over decades.

Making 10-year highs, QBE Insurance shares reacted positively to the 2024 result. Premium rate increases averaged 5.5% and drove most of the top-line growth, and with claims rising at a slower pace, profit increased 27% to $1.7 billion.

QBE Insurance is an international property and casualty insurance company with over USD 21 billion of annual gross written premiums. It writes about 20% of its annual premiums in its home region of Australia and New Zealand and 35% in North America. QBE is predominantly focused on specialty insurance lines, but the offering is extremely wide-ranging across property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health. The size and diversity of insurance is built on the back of hundreds of acquisitions made over decades.

Shares responded positively to QBE Insurance's third-quarter 2024 update. Premium rate increases averaged close to 6% year to date, but gross written premium growth was a less buoyant 2%. Catastrophe claims, which can be volatile, are tracking to management expectations of USD 1.3 billion.

QBE Insurance is an international property and casualty insurance company with over USD 21 billion of annual gross written premiums. It writes about 20% of its annual premiums in its home region of Australia and New Zealand and 35% in North America. QBE is predominantly focused on specialty insurance lines, but the offering is extremely wide-ranging across property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health. The size and diversity of insurance is built on the back of hundreds of acquisitions made over decades.

QBE Insurance’s first-half 2024 net profit almost doubled to USD 777 million, benefiting from an average premium rate increase of 6.7% and material improvement in the claims ratio to 64% from 69%. Most of the improvement in the claims ratio was due to lower catastrophe claims. While QBE has progressively made changes to the portfolio to manage exposures, both lifting rates and exiting historically problematic insurance lines, investors should not be complacent this is the new norm. Volatility is to be expected. Investment income increased 10%, which practically all flows through to the bottom line.

No-moat QBE Insurance is reducing its exposure in North America, exiting the middle-market segment. The middle-market segment is insurance sold via brokers for midsize businesses, with products spanning property, auto, and general liability cover such as personal injury. The business closure reduces QBE Insurance’s gross written premium, or GWP, by around USD 500 million, representing 7% of 2023 North America premiums and 2% of group premiums. We expect the impact on profit to be minimal, given the reason for exiting is challenged performance for several years—the segment was under strategic review for sale or closure 10 years ago. Management expects a limited impact on the group's combined operating ratio in 2024, but we suspect a modest positive impact in 2025 once the business has been more substantially wound down.

QBE Insurance is an international property and casualty insurance company with over USD 21 billion of annual gross written premiums. It writes about 25% of its annual premiums in its home region of Australia and New Zealand. Other key markets include North America, Europe, and Asia Pacific. QBE is predominantly focused on specialty insurance lines, but the offering is extremely wide-ranging across property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health. The size and diversity of insurance is built on the back of hundreds of acquisitions made over decades.