Logotype for QBE Insurance Group Limited

QBE Insurance Group (QBE) investor relations material

QBE Insurance Group H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for QBE Insurance Group Limited
H1 2025 earnings summary7 Aug, 2025

Executive summary

  • Delivered strong first half/half-year results with net profit after tax up 27–28% to $1,022M, adjusted ROE of 19.2%, and combined ratio improved to 92.8% from 93.8%, reflecting disciplined underwriting and business momentum.

  • Gross written premium grew 6% to $13.8B, with 8% growth excluding crop and non-core exits, and organic growth in International and North America.

  • Interim dividend of 31 Australian cents per share declared, payout ratio 30%, 25% franked, up from 24 cents prior period.

  • Business strategy shifting from derisking to growth and modernization, leveraging data, AI, and customer-centric initiatives.

  • Credit ratings upgraded to AA- by S&P and Fitch, reflecting improved capital strength and business quality.

Financial highlights

  • Net insurance revenue rose to $8.8B, insurance operating result increased to $639M, and insurance profit margin improved to 13.1%.

  • Adjusted net profit for the half reached a record $1B, up nearly 30% from the prior period.

  • Investment income totaled $788M, with an annualized return of 4.8%.

  • Expense ratio held steady at 12–12.1%, with expectations to remain in the 12–12.5% range.

  • Catastrophe costs were $480M, well within the $550M allowance despite industry-wide high losses.

Outlook and guidance

  • On track for mid-single digit constant currency GWP growth for the full year, with portfolio exits expected to reduce GWP by $250M.

  • Combined ratio guidance maintained at around 92.5% for FY25.

  • Return on equity expected to remain in the high teens for 2025.

  • Expense ratio targeted to improve over the next three years as modernization investments mature.

  • Investment portfolio expected to maintain a yield near 3.8%.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next QBE Insurance Group earnings date

Logotype for QBE Insurance Group Limited
Q3 202526 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next QBE Insurance Group earnings date

Logotype for QBE Insurance Group Limited
Q3 202526 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

QBE Insurance Group Limited is an Australian insurance company that provides property, casualty, motor, and health insurance products. The company operates in North America, Europe, Asia Pacific, and Australia through direct sales and broker channels. It serves individuals, businesses, and institutions with risk management solutions. QBE Insurance Group Limited is headquartered in Sydney, Australia, and its shares are listed on the ASX.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage