QBE's organizational structure consists of three geographic-based operating divisions: International (Europe and Asia), North American Operations, and Australia Pacific, along with captive reinsurer Equator Re in Bermuda. QBE enters the remainder of FY25 and into FY26 in a position of improved financial strength, with better underwriting performance, solid capital buffers and clearer strategic focus. While growth may be more measured than during peak hard-market conditions, the company's emphasis on profitability, disciplined risk management and shareholder returns underpins a stable medium-term outlook.
Cyborg Score Rationale
QBE has a market capitalization of $21B with trailing twelve month revenue of $24B. The company demonstrates financial strength and disciplined risk management, though faces execution challenges with customer satisfaction and portfolio optimization in North America.
Top Insights
Analysts expect 2025 profit of almost $2bn and revenue of $18.8bn, demonstrating consistent profitability in a cyclical industry
QBE has signalled confidence in its balance sheet through dividends and more recently share buyback activity
Chubb Group Holdings, Insurance Australia Group, SCOR, Allied World, and TransRe London are among QBE's 46 competitors
Customers seem primarily frustrated by their treatment from the carrier, with many reporting frustrations in having calls returned and difficulty cancelling policies
Named Competitors
Chubb — Diversified property and casualty insurance
IAG — Australian property and casualty insurance
SCOR — Global reinsurance and insurance
Allied World — Specialty insurance and reinsurance
Recent Developments
(December 2025) QBE is seeking to increase its latest catastrophe bond to secure $400 million of peak peril reinsurance, its largest catastrophe bond to date
(June 2025) QBE's most recent deal was an Accelerator/Incubator investment with Geoneon on 05-Jun-2025
(February 2026) Full Year Results to 31 December 2025 will be announced on February 20, 2026
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