Executive Summary
QBE Insurance Group Limited underwrites general insurance and reinsurance risks for personal, business, corporate, institutional, and multinational customers. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and fair value.
Similar Companies
Share Price & News
How has QBE Insurance Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: QBE is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: QBE's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.6%
QBE
1.5%
AU Insurance
-1.6%
AU Market
1 Year Return
-31.8%
QBE
-16.4%
AU Insurance
8.6%
AU Market
Return vs Industry: QBE underperformed the Australian Insurance industry which returned -16.4% over the past year.
Return vs Market: QBE underperformed the Australian Market which returned 8.6% over the past year.
Shareholder returns
| QBE | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.6% | 1.5% | -1.6% |
| 30 Day | 15.1% | 3.6% | 1.2% |
| 90 Day | -9.0% | -2.4% | 3.9% |
| 1 Year | -30.1%-31.8% | -14.0%-16.4% | 12.2%8.6% |
| 3 Year | 2.9%-6.2% | -9.5%-20.5% | 28.2%12.8% |
| 5 Year | -2.5%-19.2% | 17.6%-5.6% | 61.7%30.2% |
Long-Term Price Volatility Vs. Market
How volatile is QBE Insurance Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
How Much Did QBE Insurance Group's(ASX:QBE) Shareholders Earn From Share Price Movements Over The Last Year?2 months ago | Simply Wall St
Is QBE Insurance Group Limited (ASX:QBE) A Risky Dividend Stock?4 months ago | Simply Wall St
QBE Insurance Group's (ASX:QBE) Stock Price Has Reduced 34% In The Past Five YearsValuation
Is QBE Insurance Group undervalued compared to its fair value and its price relative to the market?
39.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: QBE (A$9.24) is trading below our estimate of fair value (A$15.33)
Significantly Below Fair Value: QBE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: QBE is unprofitable, so we can't compare its PE Ratio to the AU Insurance industry average.
PE vs Market: QBE is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate QBE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: QBE is good value based on its PB Ratio (1.2x) compared to the AU Insurance industry average (3.1x).
Next Steps
Future Growth
How is QBE Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
60.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: QBE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: QBE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: QBE's is expected to become profitable in the next 3 years.
Revenue vs Market: QBE's revenue (5.3% per year) is forecast to grow faster than the Australian market (5.3% per year).
High Growth Revenue: QBE's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: QBE's Return on Equity is forecast to be low in 3 years time (12.3%).
Next Steps
Past Performance
How has QBE Insurance Group performed over the past 5 years?
-32.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QBE is currently unprofitable.
Growing Profit Margin: QBE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: QBE is unprofitable, and losses have increased over the past 5 years at a rate of 32.7% per year.
Accelerating Growth: Unable to compare QBE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: QBE is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-19.2%).
Return on Equity
High ROE: QBE has a negative Return on Equity (-17.79%), as it is currently unprofitable.
Next Steps
Financial Health
How is QBE Insurance Group's financial position?
Financial Position Analysis
Short Term Liabilities: QBE's short term assets ($12.8B) do not cover its short term liabilities ($18.5B).
Long Term Liabilities: QBE's short term assets ($12.8B) do not cover its long term liabilities ($19.6B).
Debt to Equity History and Analysis
Debt Level: QBE's debt to equity ratio (34.8%) is considered satisfactory.
Reducing Debt: QBE's debt to equity ratio has increased from 33.4% to 34.8% over the past 5 years.
Debt Coverage: QBE's debt is well covered by operating cash flow (41.8%).
Interest Coverage: Insufficient data to determine if QBE's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is QBE Insurance Group current dividend yield, its reliability and sustainability?
5.37%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate QBE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate QBE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if QBE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if QBE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: QBE is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of QBE's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.6yrs
Average management tenure
CEO
Richard Pryce (60 yo)
0.33
Tenure
US$3,269,000
Compensation
Mr. Richard Vaughan Pryce, B HIS (Hons), is Interim Group Chief Executive Officer of QBE Insurance Group Ltd since October 26, 2020. He was Chief Executive Officer of International at QBE Insurance Group L...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD3.27M) is about average for companies of similar size in the Australian market ($USD3.48M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim Group Chief Executive Officer | 0.33yr | US$3.27m | 0.017% $ 2.4m | |
| Group Chief Financial Officer | 2.83yrs | US$1.36m | 0.0046% $ 626.3k | |
| Group Executive of People & Change | 4.33yrs | US$1.30m | 0.0024% $ 333.0k | |
| Chief Executive Officer of North America | 1.33yrs | US$3.29m | 0.0069% $ 941.5k | |
| Chief Executive Officer of International | 0.33yr | US$1.69m | no data | |
| Group Chief Information Officer | 2.83yrs | no data | no data | |
| Group Head of Investor Relations | no data | no data | no data | |
| Group General Counsel & Company Secretary | 5.08yrs | no data | no data | |
| Head of Legal for European Operations | 10.67yrs | no data | no data | |
| Head of Specialty Insurance | no data | no data | no data | |
| Chief Underwriting Officer of Reinsurance Division | 10.17yrs | no data | no data | |
| Group Chief Reinsurance Officer | 8.75yrs | no data | no data |
3.6yrs
Average Tenure
55yo
Average Age
Experienced Management: QBE's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 0.92yr | US$462.00k | 0.0043% $ 586.5k | |
| Independent Deputy Chairman | 6.08yrs | US$288.00k | no data | |
| Independent Non-Executive Director | 6.33yrs | US$253.00k | 0.0044% $ 607.1k | |
| Independent Non-Executive Director | 4.42yrs | US$227.00k | 0.0027% $ 375.5k | |
| Non-Executive Director of QBE Australia Pacific Board | 0.33yr | no data | no data | |
| Independent Non-Executive Director | 0.42yr | US$68.00k | 0.000050% $ 6.9k | |
| Independent Non-Executive Director | 4.92yrs | US$247.00k | 0.0043% $ 587.9k | |
| Independent Non-Executive Director | 0.42yr | US$67.00k | 0.000050% $ 6.9k | |
| Independent Non-Executive Director | 6.67yrs | US$230.00k | 0.0023% $ 313.8k | |
| Independent Non-Executive Director | 6.33yrs | US$243.00k | 0.0043% $ 594.8k | |
| Non-Executive Director of QBE Australia Pacific Board | 0.33yr | no data | no data | |
| Chairman- QBE North America | no data | no data | no data |
4.4yrs
Average Tenure
63yo
Average Age
Experienced Board: QBE's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13%.
Top Shareholders
Company Information
QBE Insurance Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: QBE Insurance Group Limited
- Ticker: QBE
- Exchange: ASX
- Founded: 1886
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: AU$13.704b
- Shares outstanding: 1.48b
- Website: https://www.qbe.com
Number of Employees
Location
- QBE Insurance Group Limited
- 8 Chifley Square
- Level 27
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| QBEI.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| QBE | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| QBE | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| QBE | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| QBIE.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Oct 2008 |
Biography
QBE Insurance Group Limited underwrites general insurance and reinsurance risks for personal, business, corporate, institutional, and multinational customers. The company offers range of commercial, person...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/01 07:03 |
| End of Day Share Price | 2021/03/01 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.