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QBE Insurance Group Limited

QBE.AXFinancial ServicesASX

Insurance - Property & Casualty · Last scanned May 30, 2026

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Financials · Annual
Revenue
$19.51B
+4.1% YoY
Net Income
$2.16B
+21.2% YoY
Free Cash Flow
$3.67B

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About QBE Insurance Group Limited

QBE Insurance Group Limited engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally. At a $33.82B market cap, QBE Insurance Group Limited ranks as a large-cap company within financial services. 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.

Key stats
Market Cap$33.82B
P/E (TTM)11.38
Fwd P/E11.56
EPS$1.99
Beta0.17
52W Change-3.5%
Dividend Yield4.81%
ROE19.3%
Analysis

With $4.52B in cash and $3.93B in debt, QBE.AX maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company generates $3.67B in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 19.3%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 4.2% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $13.40B (2022) to $19.51B (2025), reflecting a 46% increase over the period.

With a beta below 0.7, QBE Insurance Group Limited typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence QBE Insurance Group Limited's trajectory.

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