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AU 198 | Enterprise Profile

QBE Insurance Group Limited

IW
IBISWorld Research Department
Analyst Australia

QBE Insurance is a Public Company that generates the majority of its income from the General Insurance industry. In 2024 the company generated total revenue of $43,007,944,000 including sales and other revenue. In 2024 QBE Insurance had 11,651 employees including employees from all subsidiaries under the company's control. The Chief Executive of QBE Insurance is Mr Andrew Horton whose official title is Group Chief Executive Officer. The Chairman of QBE Insurance is Ms Melanie Willis whose official title is Independent Non-Executive Chairperson. The QBE Insurance Group is an international general insurance and reinsurance company offering services through a network of agencies in 27 countries. The company insures businesses and individuals, and other insurers through its reinsurance business. QBE Insurance operates through the following divisions: Australia Pacific The division includes Australia, New Zealand and the Pacific Islands. The Australian & New Zealand operations provide insurance cover for personal and commercial risks, through the following businesses: Intermediary Distribution (broker network), Credit & Surety (including trade credit and builders' warranty), Lenders Mortgage Insurance and Elders Insurance. QBE Pacific Islands has operations in Fiji, French Polynesia, New Caledonia, Papua New Guinea, Solomon Islands and Vanuatu. North America The company's North American operations are headquartered in New York. The division provides general insurance products through the following business units, Specialty & Commercial, Alternative Markets and Crop. International The division comprises the European operations and Asia. The European operations include QBE Re and Lloyd's syndicates, providing commercial and reinsurance services in the United Kingdom, Ireland, Bermuda, mainland Europe, Canada and the United States. QBE Asia has operations in Singapore, Hong Kong, Malaysia and Vietnam.

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What's included in this industry analysis

IBISWorld's research coverage on the QBE Insurance Group Limited includes market sizing, forecasting, data and analysis. The most recent publication will be as current as of March 2026.

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Company Details

What’s this enterprise profile about?

QBE Insurance Group Limited, trading as QBE Insurance, operates under the ABN 28 008 485 014 and was incorporated on 24 November 1970. QBE Insurance Group Limited trades on the Australian Securities Exchange under the ticker code ASX:QBE. QBE Insurance Group Limited primarily operates in the General Insurance industry in Australia.

Key Personnel

What’s included in the Key Personnel chapter?

The Key Personnel chapter outlines the principal leadership positions within QBE Insurance Group Limited, including the Chairman, Board members, Chief Executive Officer, and other key management personnel. It provides an overview of the company’s governance and executive structure, along with a breakdown of gender diversity across leadership roles, offering insight into the composition of the organisation’s senior team.

Financials

What’s included in the Financials chapter?

The Financials chapter presents QBE Insurance Group Limited’s historical financial performance, including detailed profit and loss statements outlining sales revenue, cost of sales, and profitability. It also incorporates balance sheet data, providing a breakdown of assets and liabilities, as well as additional financial metrics such as the number of shares on issue. Together, these disclosures offer a comprehensive view of the company’s financial position and performance over time.

Growth & Ratios

What’s included in the Growth & Rations chapter?

The Growth & Ratios chapter provides historical data on key financial performance indicators, enabling an assessment of the company’s operational efficiency, profitability, and financial structure over time. Metrics covered include return on equity, return on assets, profit margins, revenue per employee, as well as gearing and leverage ratios, offering a comprehensive view of performance trends and capital management.

Operating Segments

What’s included in the Operating Segments chapter?

The Operating Segments chapter provides an overview of the revenue composition and asset allocation across the various industries in which QBE Insurance Group Limited operates. It offers insights into how the company’s financial performance is distributed among its core business segments, highlighting the relative contribution of each industry to total revenue.

Competitor Benchmarking

What’s included in the Competitor Benchmarking chapter?

The Competitor Benchmarking chapter includes a comparative assessment of QBE Insurance Group Limited’s key financial, growth, and valuation ratios against industry averages to evaluate its competitive position. It analyses valuation metrics such as price-to-earnings, price-to-book, enterprise value to EBITDA, and enterprise value to sales, alongside core financial indicators including liquidity ratios and profitability measures.

Shareholders

What’s included in the Shareholders chapter?

The Shareholders chapter provides a breakdown of the ownership structure of QBE Insurance Group Limited, identifying key shareholders and outlining their respective ownership interests. This section offers insight into the concentration of shareholdings, the presence of institutional or strategic investors, and the overall distribution of equity within the company.

Subsidiaries

What’s included in the Subsidiaries chapter?

The Subsidiaries chapter provides an overview of the companies and business entities that are wholly or partially owned by QBE Insurance Group Limited. It outlines the ownership structure of each subsidiary, offering insight into the broader corporate group and how these entities contribute to the company’s overall activities and performance.

History

What’s included in the History chapter?

The History chapter presents a overview of QBE Insurance Group Limited’s development, highlighting key milestones and significant corporate events since its incorporation. It includes the company’s incorporation date and outlines major strategic, operational, and structural developments, providing context for its evolution and current market position.

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Frequently Asked Questions

What is QBE Insurance Group Limited?

The QBE Insurance Group is an international general insurance and reinsurance company offering services through a network of agencies in 27 countries. The company insures businesses and individuals, and other insurers through its reinsurance business. QBE Insurance operates through the following divisions: Australia Pacific The division includes Australia, New Zealand and the Pacific Islands. The Australian & New Zealand operations provide insurance cover for personal and commercial risks, through the following businesses: Intermediary Distribution (broker network), Credit & Surety (including trade credit and builders' warranty), Lenders Mortgage Insurance and Elders Insurance. QBE Pacific Islands has operations in Fiji, French Polynesia, New Caledonia, Papua New Guinea, Solomon Islands and Vanuatu. North America The company's North American operations are headquartered in New York. The division provides general insurance products through the following business units, Specialty & Commercial, Alternative Markets and Crop. International The division comprises the European operations and Asia. The European operations include QBE Re and Lloyd's syndicates, providing commercial and reinsurance services in the United Kingdom, Ireland, Bermuda, mainland Europe, Canada and the United States. QBE Asia has operations in Singapore, Hong Kong, Malaysia and Vietnam.

What industry does QBE Insurance Group Limited operate in?

QBE Insurance Group Limited, trading as QBE Insurance, is a Public Company that generates the majority of its income from the General Insurance industry in Australia.

Where is QBE Insurance Group Limited located?

Murray Cod Australia Limited company is based at 388 George Street, Sydney, New South Wales, Australia.

Who is the CEO of QBE Insurance Group Limited?

The Group Chief Executive Officer of QBE Insurance Group Limited is Melanie Willis and the Group Chief Executive Officer is Andrew Horton.

What was QBE Insurance Group Limited’s revenue in 2025?

In 2025, QBE Insurance Group Limited generated total revenue of approximately $43.0 billion.

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