Last $11.11 USD
Change Today +0.11 / 1.00%
Volume 2.7K
QBIEY On Other Exchanges
Symbol
Exchange
Berlin
OTC US
OTC US
As of 3:47 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

qbe insurance group-spn adr (QBIEY) Snapshot

Open
$11.11
Previous Close
$11.00
Day High
$11.11
Day Low
$11.05
52 Week High
08/14/13 - $16.07
52 Week Low
12/17/13 - $9.02
Market Cap
13.9B
Average Volume 10 Days
7.2K
EPS TTM
--
Shares Outstanding
1.3B
EX-Date
03/10/14
P/E TM
--
Dividend
$0.22
Dividend Yield
2.70%
Current Stock Chart for QBE INSURANCE GROUP-SPN ADR (QBIEY)

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qbe insurance group-spn adr (QBIEY) 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-spn adr (QBIEY) Top Compensated Officers

Group Chief Executive Officer and Executive D...
Total Annual Compensation: $2.0M
Group Chief Financial Officer
Total Annual Compensation: $1.0M
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 Officer of Asia Pacific Opera...
Total Annual Compensation: $750.0K
Compensation as of Fiscal Year 2013.

qbe insurance group-spn adr (QBIEY) Key Developments

QBE Insurance To Reiew US Business

QBE Insurance Group Ltd. (ASX:QBE) is conducting a strategic review of its US based middle market business. John Neal, Chief Executive Officer of QBE, said, "We are well advanced in implementing remediation work which will allow QBE's North American business to return to profit. As part of this process, we continue to assess options for various components of the US business, including the US middle market business. The review will include a continuing focus on improving the profitability of the middle market business, consideration of opportunities to increase scale and support for our business partners, refining the business strategy and operating model and exploring options for a potential sale of all or part of the middle market business."

QBE Seeks Sale Of Winterthur

QBE Insurance Group Ltd. (ASX:QBE) is planning to sell QBE Regional Insurance Group (Winterthur). QBE said that it is reviewing Winterthur and is interviewing advisers for a potential sale. QBE stated that the review will explore options for a potential sale of all or part of the middle market business. John Neal, Chief Executive Officer of QBE said, “We continue to assess options for various components of the US business, including the US middle market business (Winterthur).” QBE is down by 3.78% at $11.98 on April 14, 2014.

Bank of America and QBE Agree to Pay $228 Million to Settle Force-Placed Insurance Case

The recent settlement covers Bank of America customers who were wrongfully charged for force-placed insurance between January 2008 and February 2014. A court filing was cited by Reuters as saying that the settlement was signed in Miami federal court wherein both firms were accused for executing a kickback scheme thereby increasing the cost of insurance that homeowners were forced to purchase. The case, which was filed in 2012, accused the banks of misusing the right of charging insurance premium from homeowners to protect their interest in a property when a homeowner's insurance has lapsed. The lawsuit claimed that the bank bypassed onto homeowners the costs they received from insurance providers. Both Bank of America and QBE were charged for violating state and federal laws, such as the US Racketeer Influenced and Corrupt Organizations Act (RICO). Bank of America and QBE agree to pay $228 million to settle force-placed insurance case.

 

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Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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