ASX:QBE

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QBE Insurance Group

Executive Summary

QBE Insurance Group Limited underwrites general insurance and reinsurance risks for personal, business, corporate, institutional, and multinational customers. More Details


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

QBEIndustryMarket
7 Day-2.6%1.5%-1.6%
30 Day15.1%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 Year2.9%-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

Valuation

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

NamePositionTenureCompensationOwnership
Richard Pryce
Interim Group Chief Executive Officer0.33yrUS$3.27m0.017%
$ 2.4m
Inder Singh
Group Chief Financial Officer2.83yrsUS$1.36m0.0046%
$ 626.3k
Margaret Murphy
Group Executive of People & Change4.33yrsUS$1.30m0.0024%
$ 333.0k
Todd Jones
Chief Executive Officer of North America1.33yrsUS$3.29m0.0069%
$ 941.5k
Jason Harris
Chief Executive Officer of International0.33yrUS$1.69mno data
Matt Mansour
Group Chief Information Officer2.83yrsno datano data
A. R. Jackson
Group Head of Investor Relationsno datano datano data
Carolyn Scobie
Group General Counsel & Company Secretary5.08yrsno datano data
Esther Felton
Head of Legal for European Operations10.67yrsno datano data
Steven Gransbury
Head of Specialty Insuranceno datano datano data
Jonathan Parry
Chief Underwriting Officer of Reinsurance Division10.17yrsno datano data
James Fiore
Group Chief Reinsurance Officer8.75yrsno datano data

3.6yrs

Average Tenure

55yo

Average Age

Experienced Management: QBE's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Wilkins
Independent Chairman0.92yrUS$462.00k0.0043%
$ 586.5k
John Green
Independent Deputy Chairman6.08yrsUS$288.00kno data
Stephen Fitzgerald
Independent Non-Executive Director6.33yrsUS$253.00k0.0044%
$ 607.1k
Kathryn Lisson
Independent Non-Executive Director4.42yrsUS$227.00k0.0027%
$ 375.5k
Melanie Victoria Willis
Non-Executive Director of QBE Australia Pacific Board0.33yrno datano data
Tan Le
Independent Non-Executive Director0.42yrUS$68.00k0.000050%
$ 6.9k
Rolf Albert Tolle
Independent Non-Executive Director4.92yrsUS$247.00k0.0043%
$ 587.9k
John Smith
Independent Non-Executive Director0.42yrUS$67.00k0.000050%
$ 6.9k
Brian Pomeroy
Independent Non-Executive Director6.67yrsUS$230.00k0.0023%
$ 313.8k
Jann Skinner
Independent Non-Executive Director6.33yrsUS$243.00k0.0043%
$ 594.8k
David Curran
Non-Executive Director of QBE Australia Pacific Board0.33yrno datano data
Truett Tate
Chairman- QBE North Americano datano datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QBEI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
QBEASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
QBEDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
QBECHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
QBIE.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDOct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/01 07:03
End of Day Share Price2021/03/01 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.