QBE INSURANCE GROUP LIMITED (QBE)
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QBE

QBE - QBE INSURANCE GROUP LIMITED

FNArena Sector : Insurance
Year End: December
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

QBE Insurance Group is an Australian insurance company operating in North America, Europe, Australia & New Zealand and the Asia Pacific region. It was listed in 1973 following the merger of three companies whose names represent the letters of the combined company.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$26.32

09 Nov
2026

-0.430

OPEN

$26.44

-1.61%

HIGH

$26.59

2,651,938

LOW

$26.14

TARGET
$26.638

+0.10 change from previous day

 1.2% upside
Franking for last dividend paid out: 30%
OTHER COMPANIES IN THE SAME SECTOR
AUB . FCL . GDG . HLI . IAG . MPL . NHF . NOL . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
QBE: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 203.5 xxx
DPS (cps) 100.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 13.0 xxx
Dividend Yield 3.8% xxx
Div Pay Ratio(%) 49.4% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 7.02%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.14

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 24/08 - ex-div 33.00c (franking 30%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx219.1
DPS All xxxxxxxxxxxxxxx109.0
Sales/Revenue xxxxxxxxxxxxxxx37,399.9 M
Book Value Per Share xxxxxxxxxxxxxxx1,162.1
Net Operating Cash Flow xxxxxxxxxxxxxxx6,549.2 M
Net Profit Margin xxxxxxxxxxxxxxx8.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx18.99 %
Return on Invested Capital xxxxxxxxxxxxxxx15.40 %
Return on Assets xxxxxxxxxxxxxxx4.58 %
Return on Equity xxxxxxxxxxxxxxx19.21 %
Return on Total Capital xxxxxxxxxxxxxxx20.92 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx5,263.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx1,371 M
Long Term Debt xxxxxxxxxxxxxxx4,523 M
Total Debt xxxxxxxxxxxxxxx5,893 M
Goodwill - Gross xxxxxxxxxxxxxxx2,368 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,803 M
Price To Book Value xxxxxxxxxxxxxxx1.71

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx209.4 M
Capex % of Sales xxxxxxxxxxxxxxx0.56 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,756 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx51,062 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

26/10/2026

3

Neutral

$25.25

-4.07%

UBS reviews September quarter results from QBE Insurance's US commercial insurance peers, highlighting slowing premium growth and deteriorating underlying underwriting margins.

Gross written premium (GWP) growth averaged -0.4%, while underlying current-year combined operating ratios (COR) worsened by -60bps.

Lower catastrophe claims and strong crop insurance earnings offer upside risk to the broker's FY26 EPS forecast ahead of the insurer's 27 November update.

Reserve releases, conservative catastrophe allowances and capital management could support earnings, in the analysts' view, but underwriting margin pressures are expected to constrain QBE's share price performance.

FORECAST
UBS forecasts a full year FY26 dividend of 98.00 cents and EPS of 196.36 cents.
UBS forecasts a full year FY27 dividend of 102.00 cents and EPS of 197.79 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

10/11/2026

4

Underweight

$21.70

-17.55%

Jarden retains its Underweight rating for QBE Insurance with a $21.70 target price following Aon's announcement of Cortina, a new Lloyd's syndicate backed by Blackstone funds with QBE acting as managing agent.

Jarden estimates this arrangement could add up to 1.4% to EPS at maturity for QBE through capital-light fee income while reinforcing its leading role in broker facilities.

Key investor considerations include whether further institutional capital increases downward pricing pressure, the evolving role of traditional insurers amid unbundling, and whether QBE is expanding its Lloyd's footprint too rapidly as the market cycle moderates.

While the company currently benefits from a favourable macroeconomic backdrop, Jarden perceives a risk that surplus industry capital will ultimately erode rate adequacy.
Access Extra Coverage Research History >

QBE STOCK CHART

FNArena News on QBE

1
Rudi’s View: Previews To November Results

Nov 05 2026 - Rudi's View
2
ASIC Watch: $2M Penalty As Unlisted Fund Scrutiny Builds

Oct 28 2026 - Australia
3
Weekly Ratings, Targets, Forecast Changes – 16-10-26

Oct 19 2026 - Weekly Reports
4
Rudi’s View: More Risk, Higher Yields & Early Signs

Oct 14 2026 - Rudi's View
5
Weekly Ratings, Targets, Forecast Changes – 09-10-26

Oct 12 2026 - Weekly Reports

Latest Insurance News

1
ASIC Watch: $2M Penalty As Unlisted Fund Scrutiny Builds

Oct 28 2026 - Australia
2
The Rebuilding Of Tower

Apr 15 2026 - Small Caps
3
Treasure Chest: AI Risks To Insurance Brokers

Feb 11 2026 - Treasure Chest
4
ASIC Watch: Ai Governance Tax Hits Insurers

Dec 22 2025 - Australia
5
Insurance Sector’s AI Challenges Have Arrived

Nov 03 2025 - Australia
6
Insurers To Pamper Shareholders With Buybacks

Jan 24 2025 - Australia
7
IAG Shares Breaking Out

Jan 21 2025 - Technicals
8
ESG Focus: The Little Big Things – 21-11-2024

Nov 21 2024 - ESG Focus
9
New-Look Suncorp Ready To Rumble

Nov 14 2024 - Australia
10
Steadfast’s Long March

Jul 02 2024 - Australia