QBE Insurance Group Limited Targets Continued Growth in FY2026

QBE Insurance Group Limited is a leading international insurer and reinsurer headquartered in Sydney, Australia. The company provides a broad range of insurance products through three operating divisions-North America, International, and Australia Pacific and maintains strong market positions across key insurance segments in its core regions.

QBE Insurance Group Limited (ASX: QBE)

QBE Insurance Group Limited (ASX: QBE), on 8 May 2026, highlighted the strength of its operating model which is reflected in its 2025 financial performance. The company reported a statutory net profit after tax of US$2.157 billion, up 21 higher compared to the previous year. The Board announced a final dividend of 78 Australian cents per share. This brought the total FY2025 dividend to 109 Australian cents per share. The dividend and profit reported in 2025 were QBE’s strongest in many years.

The QBE Foundation support the Group's purpose through programs like Catalysing Impact and AcceliCITY Challenges that promotes innovation, supports early-stage ventures, and encourages cross sector collaboration. In 2025, the Foundation also partnered with Humanity Insured to improve access to affordable insurance for climate vulnerable communities across Asia.

In November 2025, the company completed its $450 million on-market share buyback which increased total shareholder distributions for the year to approximately 65% of annual profits. QBE Insurance Group also exceeded their Premiums4Good ambition with US$2.4 billion in impact investments at the end of 2025.

The company highlighted that its portfolio optimisation strategy has delivered significant progress in recent years. The exit from its non-core North American portfolio has been largely completed, resulting in a more focused business, improved earnings quality, and a stronger foundation for delivering more stable performance across insurance market cycles. QBE invests in digital, cloud, and artificial intelligence (AI) capabilities to enhance underwriting decisions, improve customer experience, and increase operational efficiency across the Group.

In 1Q FY2026, the company reported Gross Written Premium growth of 11% compared to the previous year. Ex-rate growth was 6%, driven by strong momentum in the North America Crop business and several International portfolios. Excluding Crop and exited business lines, underlying growth was 2%, reflecting lower volumes in selected portfolios, including Accident & Health.

Outlook: 

For FY2026, QBE expects mid single digit growth in Gross Written Premium and a Group combined operating ratio (COR) of around 92.5%. The company remains confident in sustaining its strong financial and operational performance over the medium term. The company targets an adjusted return on equity of more than 15% over the medium term.

(Source: Company Announcements)