QBE INSURANCE GROUP

QBE reported for H1 2026 an adjusted net profit of around 1.03 billion AUD (+4%) and currency-adjusted gross written premiums of 15.1 billion AUD (+6%); return on equity was 17.7%. Investors reacted negatively, however, as net insurance revenues missed expectations, the expense ratio rose from 12.1% to 12.4%, and a provision in the accident and health insurance business caused concern. The combined loss and expense ratio was 92.8% and largely in line with guidance; nevertheless the revenue shortfall and higher costs pushed the share price down to 23.02 AUD (day low 22.07 AUD). » More on de.investing.com

QBE Insurance shares fell as much as 4.2% to A$24.39 after UBS downgraded its rating from Buy to Neutral, while raising the price target from A$25.25 to A$27.30. UBS cited growing headwinds for margins due to weakening market conditions, particularly falling premium rates in reinsurance and commercial property. The stock’s vulnerability to moderate selling at current levels was reiterated, even though QBE has risen about 28% year-to-date in 2026. » More on de.investing.com

QBE Insurance posted solid Q3 2025 growth, with booked gross premiums up 6% year-to-date, and forecasts a combined ratio of 92.5% for 2025. The company announced a A$450 million share buyback, signalling confidence in its capital strength. Growth focus areas include accident and health insurance and cyber reinsurance, while property and reinsurance premiums are declining; QBE aims for mid-single-digit volume growth over the medium term, operational efficiency improvements and a 50% dividend payout ratio. » More on de.investing.com