QBE Insurance Group (QBE) Stock Overview
Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
QBE Community Fair Values
Create NarrativeSee what 81 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
QBE Insurance Group Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$25.36 |
| 52 Week High | AU$25.83 |
| 52 Week Low | AU$18.57 |
| Beta | 0.14 |
| 1 Month Change | 0.67% |
| 3 Month Change | 12.86% |
| 1 Year Change | 9.31% |
| 3 Year Change | 60.00% |
| 5 Year Change | 129.09% |
| Change since IPO | 933.70% |
Recent News & Updates
Narrative Update • Jul 27
QBE: Recent Share Price Strength Will Likely Cap Near-Term Upside
Analysts have lowered the QBE Insurance Group fair value estimate to A$17.29 from A$17.79, reflecting a slightly more balanced risk-reward view following recent share price strength and a shift in ratings toward Hold, even as the published price target was raised to A$27.50 from A$26.25. What's in the News for QBE Insurance Group QBE Insurance Group appointed Munich Re veteran Alistair Nappin as Head of Outward Reinsurance to lead risk transfer across the UK, Europe, and Asia, with a focus on reinsurance strategy execution and balance sheet protection against large scale losses (source: recent news reports).
New Narrative • Jul 14
Clean Energy And Cyber Insurance Expansion Will Support A Stronger Long Term Outlook
Catalysts About QBE Insurance Group QBE Insurance Group is a global commercial and reinsurance carrier with diversified portfolios across property, casualty and specialty lines in multiple regions. What are the underlying business or industry changes driving this perspective?
Narrative Update • Jul 13
QBE: Cyber Offering And India Expansion Will Support Balanced Future Returns
Analysts have lifted their price target for QBE Insurance Group to A$23.91 from A$23.32, citing updated assumptions around fair value, modest adjustments to expected revenue growth and margins, and a slightly higher future P/E multiple. What’s in the News for QBE Insurance Group QBE North America introduced QCyber Rapid Pay, a cyber insurance enhancement designed to give policyholders faster access to funds after covered cyber incidents, helping businesses manage cash flow disruptions and speed up financial recovery.Recent updates
Narrative Update • Jul 27
QBE: Recent Share Price Strength Will Likely Cap Near-Term Upside
Analysts have lowered the QBE Insurance Group fair value estimate to A$17.29 from A$17.79, reflecting a slightly more balanced risk-reward view following recent share price strength and a shift in ratings toward Hold, even as the published price target was raised to A$27.50 from A$26.25. What's in the News for QBE Insurance Group QBE Insurance Group appointed Munich Re veteran Alistair Nappin as Head of Outward Reinsurance to lead risk transfer across the UK, Europe, and Asia, with a focus on reinsurance strategy execution and balance sheet protection against large scale losses (source: recent news reports).New Narrative • Jul 14
Clean Energy And Cyber Insurance Expansion Will Support A Stronger Long Term Outlook
Catalysts About QBE Insurance Group QBE Insurance Group is a global commercial and reinsurance carrier with diversified portfolios across property, casualty and specialty lines in multiple regions. What are the underlying business or industry changes driving this perspective?Narrative Update • Jul 13
QBE: Cyber Offering And India Expansion Will Support Balanced Future Returns
Analysts have lifted their price target for QBE Insurance Group to A$23.91 from A$23.32, citing updated assumptions around fair value, modest adjustments to expected revenue growth and margins, and a slightly higher future P/E multiple. What’s in the News for QBE Insurance Group QBE North America introduced QCyber Rapid Pay, a cyber insurance enhancement designed to give policyholders faster access to funds after covered cyber incidents, helping businesses manage cash flow disruptions and speed up financial recovery.New Narrative • Jun 29
Catastrophe Exposure And Rising Tech Expenses Will Threaten Margins And Earnings Resilience
Catalysts About QBE Insurance Group QBE Insurance Group is a global commercial P&C insurer and reinsurer with operations across North America, International and Australia Pacific. What are the underlying business or industry changes driving this perspective?Narrative Update • Jun 22
QBE: Financing Moves And Assumption Tweaks Will Steady Future Return Balance
Analysts have made a modest upward adjustment to the QBE Insurance Group price target to A$23.32, reflecting slightly higher modelled fair value supported by updated assumptions for revenue growth, profit margin and future P/E. What's in the News for QBE Insurance Group QBE Insurance Group has a €500 million fixed income offering in the market, with multiple banks participating as co lead underwriters.Analysis Article • Jun 18
QBE Insurance Group (ASX:QBE) Shares Could Be 3.4% Overvalued After Debt Reshuffle
QBE Insurance Group (ASX:QBE) has overhauled part of its capital structure by redeeming and cancelling USD 524,124,000 of 5.875% subordinated notes and issuing new €500 million fixed to floating subordinated notes due 2037. See our latest analysis for QBE Insurance Group. These funding moves come as QBE Insurance Group's share price sits at A$24.01, with a 90 day share price return of 16.67% and a year to date share price return of 21.20%. Longer term total shareholder returns of 75.90% over...Narrative Update • Jun 04
QBE: Governance Vote And Assumption Shifts Will Shape Future Return Balance
Analysts have nudged their fair value estimate for QBE Insurance Group slightly higher to A$23.22 from A$23.14, reflecting updated assumptions around revenue growth, profit margins and forward P/E multiples. What's in the News At the 2026 Annual General Meeting on May 8, 2026, a proposal to amend QBE Insurance Group Limited's constitution was put to shareholders and was not carried.Narrative Update • May 06
QBE: Dividend Payout And Shareholder Resolutions Will Shape Future Governance Balance
Analysts have made a marginal adjustment to QBE Insurance Group's implied valuation, with the modelled fair value moving slightly to A$23.14 as they refresh assumptions for discount rate, profit margin and future P/E expectations. What's in the News Shareholders have requisitioned resolutions for QBE Insurance Group's Annual General Meeting in Sydney on 8 May 2026.Narrative Update • Apr 22
QBE: Dividend Payout And Governance Resolutions Will Shape A Balanced Outlook
Analysts have slightly trimmed their fair value estimate for QBE Insurance Group to A$23.15 from A$23.25, reflecting updated assumptions around revenue, profit margins and future P/E expectations. What's in the News Shareholders have requisitioned resolutions for QBE Insurance Group's Annual General Meeting in Sydney on May 8, 2026, proposing an amendment to the constitution to formally allow advisory shareholder resolutions on issues of material relevance to the business, provided they do not advocate unlawful action or relate to personal grievances (Key Developments).Narrative Update • Apr 07
QBE: Dividend And Governance Changes Will Shape A Balanced Return Outlook
Analysts have nudged their price target on QBE Insurance Group slightly higher to around A$23.25 from about A$23.09, reflecting updated views that pair a lower assumed revenue growth rate with a modestly stronger profit margin and a broadly similar future P/E outlook. What's in the News Shareholders have requisitioned resolutions for the 2026 Annual General Meeting in Sydney, focused on changes to QBE Insurance Group's constitution regarding how shareholder resolutions can express opinions, request information, or make advisory requests to the board about the exercise of directors’ powers, subject to relevance and legal limits (Key Developments).Narrative Update • Mar 23
QBE: Dividend And Governance Resolutions Will Shape Future Return Profile
Analysts have slightly reduced their fair value estimate for QBE Insurance Group from A$23.26 to A$23.09, based on updated assumptions regarding revenue growth, profit margins and future P/E expectations. What's in the News Shareholders have requisitioned resolutions for the 2026 Annual General Meeting in Sydney on May 8, 2026, seeking to amend QBE Insurance Group Limited's constitution to allow advisory shareholder resolutions on issues of material relevance to the company, subject to legal and procedural limits (Key Developments).Narrative Update • Mar 09
QBE: Upcoming Dividend Payout Will Shape Future Return Potential
Analysts have nudged their price target for QBE Insurance Group slightly higher to A$23.26 from A$23.11, reflecting updated assumptions on revenue growth, profit margins and future P/E expectations. What's in the News QBE Insurance Group declared a dividend of A$0.78 per share for the six months ended 31 December 2025, signalling a cash return tied to that reporting period (Key Developments).Narrative Update • Feb 22
QBE: Dividend Clarity And Adjusted P/E Assumptions Will Shape Future Returns
Analysts have raised their price target on QBE Insurance Group from about A$22.16 to about A$23.11, citing updated assumptions that incorporate revised revenue growth expectations, a slightly higher profit margin outlook and a modestly lower future P/E multiple. What's in the News Declared a dividend of A$0.78 per share for the six months ended December 31, 2025, giving investors clarity on the latest payout level (Key Developments).Narrative Update • Feb 08
QBE: Higher Discount Rate And P/E Assumptions Will Shape Future Returns
Analysts have nudged their price target for QBE Insurance Group slightly lower, from A$22.17 to A$22.16, reflecting small adjustments to assumptions for the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value Estimate: Adjusted slightly lower, from A$22.17 to A$22.16 per share.Narrative Update • Jan 25
QBE: Improved Margins And Higher P/E Multiple Will Support Future Upside
Analysts have trimmed their price target for QBE Insurance Group to about A$22.17 from A$22.21, citing updated assumptions that reflect slightly weaker revenue growth expectations, along with a modest improvement in profit margin and a marginally higher future P/E multiple. Valuation Changes Fair Value: trimmed slightly from A$22.21 to about A$22.17 per share.Narrative Update • Jan 09
QBE: New Group CFO Appointment Will Support Stronger Margins And Returns
Analysts have trimmed their price target for QBE Insurance Group slightly to A$22.21 from A$22.27, citing updated assumptions that combine softer revenue expectations with a modestly higher profit margin and a slightly lower future P/E multiple. What's in the News QBE Insurance Group has appointed Chris Killourhy as Group Chief Financial Officer, with almost 25 years of insurance and finance experience, effective 1 January 2026, subject to regulatory approvals (Key Developments).Narrative Update • Dec 16
QBE: New Finance Leadership Will Support Stronger Margins And Future Returns
Analysts have nudged their price target for QBE Insurance Group slightly lower to about $22.27 per share from roughly $22.33, reflecting modestly softer fair value assumptions even as they acknowledge incremental improvements in revenue trajectory and profit margins. What's in the News QBE Insurance Group appointed long serving executive Chris Killourhy as Group Chief Financial Officer, effective January 1, 2026, subject to regulatory approvals (company announcement) Killourhy brings almost 25 years of insurance and finance industry experience, including senior roles across QBE's global operations such as Chief Actuary and CFO for multiple divisions (company announcement) The incoming CFO will be based in Sydney, report directly to Group CEO Andrew Horton, and join the Group Executive Committee, reinforcing leadership depth in QBE's global finance function (company announcement) Valuation Changes Fair Value: Reduced slightly to about A$22.27 per share from roughly A$22.33, indicating a modest downgrade in intrinsic valuation.Narrative Update • Dec 02
QBE: Leadership Changes Will Drive Profitability and Confidence in Coming Years
Analysts have slightly reduced their price target for QBE Insurance Group, lowering it from $22.95 to $22.33. This reflects marginal adjustments to growth and profitability forecasts.Narrative Update • Nov 18
QBE: Leadership Transition Will Support Future Profit Stability
Analysts have lowered their price target for QBE Insurance Group from $23.22 to $22.95. They cite expectations of slightly softer revenue growth and a minor adjustment to profit margin forecasts.Narrative Update • Nov 03
QBE: Leadership Transition And Dividend Outlook Will Support Long-Term Upside
QBE Insurance Group's analyst price target has been slightly lowered from $23.29 to $23.22, as analysts cite modest adjustments to profit margin expectations and minor changes in growth forecasts. What's in the News Chris Killourhy will be appointed as Group Chief Financial Officer, effective January 1, 2026, following an extensive career at QBE and in the insurance industry (Key Developments) Current CFO Inder Singh has resigned and will remain until a replacement is found to ensure a smooth transition (Key Developments) Dividend for the six months ending June 30, 2025, declared at AUD 0.31 per share with an ex-date on August 19, 2025 and payment on September 26, 2025 (Key Developments) Valuation Changes Consensus Analyst Price Target has decreased marginally from A$23.29 to A$23.22.Narrative Update • Oct 20
Emerging Markets And Cyber Investments Will Yield Mixed Prospects
QBE Insurance Group's analyst price target was revised downward by $0.31 to $23.29, as analysts cite slightly weaker revenue growth and profit margin forecasts as contributing factors to the updated valuation. What's in the News Chief Financial Officer Inder Singh has resigned.Narrative Update • Sep 18
Emerging Markets And Cyber Investments Will Yield Mixed Prospects
QBE Insurance Group's future P/E ratio has risen sharply, indicating higher expected earnings multiples despite profit margins remaining stable, with the consensus analyst price target essentially unchanged, decreasing slightly from A$23.84 to A$23.59. What's in the News CFO Inder Singh has resigned, with a transition period while a replacement is sought.
New Narrative • Feb 25
Enhanced Diversification Will Reduce Volatility And Improve Future Earnings Quality
Enhanced operating model and strategic capital optimization improve efficiency and support higher returns, positively impacting net margins and earnings growth.Shareholder Returns
| QBE | AU Insurance | AU Market | |
|---|---|---|---|
| 7D | 3.5% | 2.8% | 2.1% |
| 1Y | 9.3% | 0.9% | 2.1% |
Return vs Industry: QBE exceeded the Australian Insurance industry which returned 0.9% over the past year.
Return vs Market: QBE exceeded the Australian Market which returned 2.1% over the past year.
Price Volatility
| QBE volatility | |
|---|---|
| QBE Average Weekly Movement | 2.9% |
| Insurance Industry Average Movement | 3.3% |
| Market Average Movement | 9.5% |
| 10% most volatile stocks in AU Market | 16.6% |
| 10% least volatile stocks in AU Market | 3.8% |
Stable Share Price: QBE has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: QBE's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1886 | 13,196 | David Horton | www.qbe.com |
QBE Insurance Group Limited engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally. The company offers commercial and domestic property, agriculture, public/product liability, motor and motor casualty, professional indemnity, workers' compensation, accident, health, financial and credit, and other insurance products, as well as marine, energy and aviation insurance products. It also manages Lloyd’s syndicates, as well as provides investment management services.
QBE Insurance Group Limited Fundamentals Summary
| QBE fundamental statistics | |
|---|---|
| Market cap | AU$37.86b |
| Earnings (TTM) | AU$3.06b |
| Revenue (TTM) | AU$26.82b |
12.4x
P/E Ratio1.4x
P/S RatioIs QBE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| QBE income statement (TTM) | |
|---|---|
| Revenue | US$18.71b |
| Cost of Revenue | US$15.31b |
| Gross Profit | US$3.40b |
| Other Expenses | US$1.27b |
| Earnings | US$2.13b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Aug 14, 2026
| Earnings per share (EPS) | 1.43 |
| Gross Margin | 18.18% |
| Net Profit Margin | 11.39% |
| Debt/Equity Ratio | 31.7% |
How did QBE perform over the long term?
See historical performance and comparisonDividends
4.2%
Current Dividend Yield51%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/30 19:08 |
| End of Day Share Price | 2026/07/30 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
QBE Insurance Group Limited is covered by 19 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Adams | Barrenjoey Markets Pty Limited |
| Marcus Barnard | Bell Potter |
| Freya Kong | BofA Global Research |