QBE Insurance Group Management
Management criteria checks 4/4
QBE Insurance Group's CEO is Andrew Horton, appointed in Sep 2021, has a tenure of 3.25 years. total yearly compensation is $4.59M, comprised of 27% salary and 73% bonuses, including company stock and options. directly owns 0.023% of the company’s shares, worth A$6.53M. The average tenure of the management team and the board of directors is 3.3 years and 4 years respectively.
Key information
Andrew Horton
Chief executive officer
US$4.6m
Total compensation
| CEO salary percentage | 27.0% |
| CEO tenure | 3.3yrs |
| CEO ownership | 0.02% |
| Management average tenure | 3.3yrs |
| Board average tenure | 4yrs |
Recent management updates
Recent updates
With EPS Growth And More, QBE Insurance Group (ASX:QBE) Makes An Interesting Case
Nov 24
There's No Escaping QBE Insurance Group Limited's (ASX:QBE) Muted Earnings
Sep 30QBE Insurance Group's (ASX:QBE) Dividend Will Be $0.24
Aug 11QBE Insurance Group Limited's (ASX:QBE) Shares Lagging The Market But So Is The Business
May 22It Looks Like The CEO Of QBE Insurance Group Limited (ASX:QBE) May Be Underpaid Compared To Peers
May 03With EPS Growth And More, QBE Insurance Group (ASX:QBE) Makes An Interesting Case
Apr 15QBE Insurance Group Limited (ASX:QBE) Looks Inexpensive But Perhaps Not Attractive Enough
Jan 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | US$2b |
| Mar 31 2024 | n/a | n/a | US$2b |
| Dec 31 2023 | US$5m | US$1m | US$1b |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$889m |
| Mar 31 2023 | n/a | n/a | US$713m |
| Dec 31 2022 | US$5m | US$1m | US$537m |
| Sep 30 2022 | n/a | n/a | US$422m |
| Jun 30 2022 | n/a | n/a | US$307m |
| Mar 31 2022 | n/a | n/a | US$504m |
| Dec 31 2021 | US$3m | US$431k | US$700m |
Compensation vs Market: Andrew's total compensation ($USD4.59M) is about average for companies of similar size in the Australian market ($USD4.20M).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
CEO
Andrew Horton
3.3yrs
Tenure
US$4,586,000
Compensation
Mr. Andrew Horton, BA Natural Sciences, ACA, serves as Group CEO & Director at QBE Insurance Group Limited since September 01, 2021. He served as Chief Executive Officer of Beazley Furlonge Ltd. since 200...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 3.3yrs | US$4.59m | 0.023% A$ 6.5m | |
| Group Chief Financial Officer | 6.7yrs | US$2.55m | 0.0068% A$ 1.9m | |
| Group Chief People Officer | 3yrs | US$1.30m | 0.0019% A$ 535.7k | |
| Chief Executive Officer of International | 4.2yrs | US$2.41m | 0.0046% A$ 1.3m | |
| Group Chief Risk Officer | 3.8yrs | US$1.38m | 0.00059% A$ 169.9k | |
| Chief Executive Officer of Australia Pacific | 3.3yrs | US$1.99m | 0.0052% A$ 1.5m | |
| Chief Executive Officer of North America | 1.9yrs | US$579.00k | no data | |
| Group Chief Underwriting Officer | 1.3yrs | US$1.09m | 0% A$ 0 | |
| Group Executive of Technology & Operations | 3.9yrs | no data | no data | |
| Group Head of Investor Relations | no data | no data | no data | |
| Group General Counsel & Company Secretary | 8.9yrs | no data | no data | |
| Group Chief Compliance Officer | no data | no data | no data |
3.3yrs
Average Tenure
Experienced Management: QBE's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 3.3yrs | US$4.59m | 0.023% A$ 6.5m | |
| Independent Non-Executive Director | 1.3yrs | US$75.00k | 0.00021% A$ 60.5k | |
| Independent Chairman | 8.1yrs | US$534.00k | 0.0067% A$ 1.9m | |
| Independent Non-Executive Director | 2.4yrs | US$224.00k | 0.0012% A$ 351.3k | |
| Independent Non-Executive Director | 8.3yrs | US$226.00k | 0.0037% A$ 1.1m | |
| Non-Executive Director of QBE Australia Pacific Board | 4.2yrs | no data | no data | |
| Non-Executive Director- QBE North America | 3.9yrs | no data | no data | |
| Independent Non-Executive Director | less than a year | no data | 0.00013% A$ 37.4k | |
| Independent Non-Executive Director | 4.3yrs | US$224.00k | 0.0011% A$ 305.3k | |
| Independent Non-Executive Director | 8.8yrs | US$243.00k | 0.0056% A$ 1.6m | |
| Non-Executive Director of QBE Australia Pacific Board | 4.2yrs | no data | no data | |
| Independent Non-Executive Director | 1.1yrs | US$38.00k | 0.00013% A$ 37.4k |
4.0yrs
Average Tenure
60yo
Average Age
Experienced Board: QBE's board of directors are considered experienced (4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 23:25 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
QBE Insurance Group Limited is covered by 29 analysts. 13 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 |
|---|---|
| Brett Le Mesurier | Axiome Equities |
| Russell Wright | Barclay Pearce Capital Pty Limited |
| Andrew Adams | Barrenjoey Markets Pty Limited |