Last A$11.20 AUD
Change Today -0.11 / -0.97%
Volume 9.8M
QBE On Other Exchanges
Symbol
Exchange
Berlin
OTC US
OTC US
As of 2:10 AM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

qbe insurance group ltd (QBE) Snapshot

Open
A$11.49
Previous Close
A$11.31
Day High
A$11.49
Day Low
A$11.12
52 Week High
08/23/13 - A$16.19
52 Week Low
12/18/13 - A$10.04
Market Cap
14.3B
Average Volume 10 Days
7.3M
EPS TTM
A$-0.29
Shares Outstanding
1.3B
EX-Date
08/27/14
P/E TM
--
Dividend
A$0.39
Dividend Yield
4.08%
Current Stock Chart for QBE INSURANCE GROUP LTD (QBE)

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qbe insurance group ltd (QBE) Details

QBE Insurance Group Limited provides general insurance and reinsurance solutions. It operates through North American Operations, Latin American Operations, European Operations, Australian & New Zealand Operations, Asia Pacific Operations, and Equator Re segments. The company underwrites general insurance and reinsurance risks; and manages Lloyd’s syndicates, as well as offers investment management services. It offers property, motor and motor casualty, agriculture and bloodstock, public/product liability, workers’ compensation, marine energy and aviation, professional indemnity, financial and credit, accident and health, and other insurance products. QBE Insurance Group Limited was founded in 1886 and is based in Sydney, Australia.

15,455 Employees
Last Reported Date: 02/24/14
Founded in 1886

qbe insurance group ltd (QBE) Top Compensated Officers

Group Chief Executive Officer and Executive D...
Total Annual Compensation: $2.0M
Chief Executive Officer of Australian & New Z...
Total Annual Compensation: $2.0M
Chief Executive Officer of North America Oper...
Total Annual Compensation: $1.7M
Chief Executive of Emerging Markets Division
Total Annual Compensation: $750.0K
Chief Executive Officer of Latin America Oper...
Total Annual Compensation: $709.0K
Compensation as of Fiscal Year 2013.

qbe insurance group ltd (QBE) Key Developments

QBE Insurance To Launch IPO For QBE Lenders' Mortgage Insurance

QBE Insurance Group Ltd. (ASX:QBE) is planning to launch initial public offering (IPO) for QBE Lenders' Mortgage Insurance Limited (QBE LMI). QBE Insurance plans an initial public offering of QBE LMI in 2015. John Neal, Chief Executive Officer of QBE Insurance Group, said that the planned sales and IPO would benefit the company's profit growth and return on equity. Neal told reporters the company expected to raise about $1.5 billion in all through the asset sales, IPO and equity raising. QBE Insurance plans to hold a majority stake in QBE LMI to retain exposure to what it said remains a highly profitable business. The IPO is intended to broaden the shareholder base and increase funding flexibility.

QBE Insurance Group Ltd. Declares Interim Dividend Payable on September 23, 2014

QBE Insurance Group Ltd. announced an interim dividend of 15 Australian cents per share for the period ended 30 June 2014 compared with 20 Australian cents per share for the period ended 30 June 2013. The interim dividend will be franked at 100%. The total dividend payout is AUD 192 million compared with an interim dividend payout of AUD 244 million in 2013. In recognition of the capital initiatives announced today, the Board has elected to remove the 1% discount on the Group's dividend reinvestment plans. The interim dividend will be paid on 23 September 2014. Record date for determining entitlements is August 29, 2014.

QBE Insurance Group Ltd. Reports Consolidated Earnings Results for the Half Year Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

QBE Insurance Group Ltd. reported consolidated earnings results for the half year ended June 30, 2014. For the period, the company reported net earned premium of $6,947 million compared with $7,333 million for the same period last year. Profit before tax was $487 million compared with $585 million for the same period last year. Net profit after tax attributable to ordinary equity holders of the company was $392 million compared with $477 million for the same period last year. Cash profit was $416 million or 33.2 cents per share compared to the $590 million or 49.3 cents per share for the same period year ago. Net earned premium slightly less by 5% compare to the last year same period. The majority of the change in income is as a result of its own actions as the company has looked not only over these 6 months but over the past 12 months to remediate and improve the underlying performance of its business and also partially due to further contraction in the income derived from the U.S. lender-placed insurer. Gross written premium was $8,491 million compared with $9,446 million for the same period last year. Net earned premium was $6,947 million compared with $7,333 million for the same period last year. Diluted earnings per share for profit after income tax attributable to ordinary equity holders of the company were 30.5 cents against 35.8 cents a year ago. Net cash flows from operating activities were $168 million compared with $650 million for the same period last year. Payments for property, plant and equipment were $34 million compared with $74 million for the same period last year. For the year 2014, the company is now forecasting gross written premium in the range of $16.6 billion to $17.0 billion, which is about $400 million down on where the company originally anticipated at the beginning of the year. The net earned premium now at $13.9 billion to $14.2 billion.

 

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Valuation QBE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.5x
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