Top 3 ASX growth stocks trading near their 52-week highs

Top 3 ASX growth stocks trading near their 52-week highs: The following three ASX growth stocks represent good opportunities even though trading near their 52-week highs they are backed by favourable interest rate environment.

Best Performing Stocks 

QBE Insurance Group Limited (ASX: QBE)

QBE Insurance Group Limited (ASX: QBE) is a global insurance company that provides with general insurance and reinsurance products across Australia Pacific along with North America and International markets, the company operates through three major divisions and offers products covering property casualty with crop insurance and specialty risks for both individuals and businesses.

For HY26 QBE has reported insurance revenue of US$11.95 billion which was up 10% year on year while adjusted net profit after tax increased to US$1.03 billion when compared with US$997 million in the previous corresponding period also the gross written premiums grew 6% on a constant currency basis reflecting continued demand across its diversified insurance operations meanwhile the company delivered a return on equity of 17.7% which remained comfortably above its medium term target of 15% or higher.

Segment wise International remained a key growth contributor with gross written premiums increasing 9% to US$7.17 billion while its combined operating ratio improved to 91.6% with North America and Australia Pacific also benefited from targeted premium growth and disciplined underwriting.

Management expects full year 2026 gross written premium growth in the mid single digits and a combined operating ratio of approximately 92.5% with the premium rate adequacy across most portfolios and a strong capital position provide support for continued profitable growth.

Woolworths Group Ltd (ASX: WOW)

Woolworths Group Ltd (ASX: WOW) is one of the Australia's largest retail companies which operates across supermarkets and general merchandise through its major businesses including Australian Food, Australian B2B, New Zealand Food, W Living, and Other.

From the recent FY26 results Woolworths reported group sales of $71.5 billion which has increased 3.6% year on year while the underlying net profit after tax rose 15.4% to $1.599 billion also there group EBIT before significant items increased 12.7% to $3.105 billion reflecting improved performance across all major trading segments which shows growing capacity meanwhile Australian Food remained the biggest contributor with the sales increasing 4.6% to $53.85 billion while BIG W returned to profitability with EBIT of $64 million compared with a loss in the previous year.

In the latest Q1 FY27 update, Woolworths has reported group sales growth of 4.7% to $19.35 billion with Australian Food continuing to lead the performance through 6.9% sales growth and Group eCommerce sales increased 16% to $3.1 billion while Australian B2B sales grew 4.4% supported by high demand across foodservice and supply chain operations.

The management is focused on improving customer value strengthening its online platform and maintaining operational efficiency while the upcoming Christmas trading period is expected to be an important driver of sales momentum.

Insurance Australia Group Ltd (ASX: IAG)

Insurance Australia Group Ltd (ASX: IAG) is one of the largest general insurance companies in Australia and New Zealand providing with a wide range of insurance products to individuals and businesses also the company operates through major divisions including Retail Insurance Australia, Intermediated Insurance Australia, New Zealand, and Corporate & Other. 

From the recent FY26 results IAG has reported insurance revenue of $18.7 billion which has increased 11.3% year on year while gross written premiums grew 7.6% to $18.4 billion and underlying insurance profit increased to $1.58 billion compared with $1.54 billion in FY25 while net profit after tax stood at $1.02 billion compared with $1.36 billion in the previous year mainly due to higher natural catastrophe costs and the absence of prior year benefits.

The company has maintained a strong underlying insurance margin of 15% and declared a full year dividend of 32 cents per share.

For FY27, the management expects a gross written premium growth of 5% to 8% and a reported insurance margin of 14.5% to 16.5% with its strong market position supported by disciplined underwriting and growing retail insurance operations are providing a foundation for future growth although natural catastrophe claims and competitive pricing remain key risks to monitor.

(Source: Company Announcements)