QBE is Australian-listed but reports a global insurance group through North America, International and Australia Pacific operations. The listing currency, consolidated reporting currency, segment views and local underwriting entities therefore require deliberate separation.
What to read first
The 2025 annual report and investor report provide the full-year consolidated evidence. ASX announcements establish the filed release date, the debt centre identifies rated issuers, and local regulatory records concern only their named QBE undertakings.
Reporting perimeter and reporting period
QBE reports the consolidated group principally in USD for the year ended 31 December, despite its Australian listing. Segment premium and combined-ratio measures are not solo legal-entity statements, and local returns may use AUD or another currency.
Official sources and what they establish
Static annual report
- Publisher: QBE Insurance Group
- Period: FY2025
- Scope: QBE Insurance Group consolidated
Provides audited FY2025 statements, parent/group identity, segment reporting, and operating-entity context. The profile reports more than 13,000 employees and insurance activities in 26 countries.
Full-year results/ASX announcement
- Publisher: QBE Insurance Group
- Period: FY2025
- Scope: QBE Insurance Group consolidated and disclosed divisions
Gross written premium was US$23,959 million, statutory net profit after tax US$2,157 million, combined operating ratio 91.9%, and indicative APRA PCA multiple 1.87x at 2025-12-31.
Credit ratings
- Publisher: QBE Insurance Group
- Period: Current table
- Scope: QBE parent issuer rating and separately named operating insurers
Records parent/issuer and operating-insurer ratings by S&P, AM Best, and Fitch, including S&P AA-/stable insurer financial strength and A/stable issuer credit rating in the group summary. Each rating applies to the entity and rating type identified by the agency.
Official company profile
- Publisher: QBE Insurance Group
- Period: Current profile
- Scope: QBE international insurer and reinsurer
Supports Sydney headquarters, an international insurer/reinsurer identity, local presence in 26 countries, and commercial, personal, specialty, reinsurance, and risk-management activities.
Exchange/company page
- Publisher: Australian Securities Exchange
- Period: Current listing
- Scope: QBE Insurance Group Limited, code QBE
Group, legal-entity and subsidiary boundaries
QBE Insurance Group Limited is the ASX-listed parent of the consolidated QBE group. Its North America, International and Australia Pacific segments aggregate business activity across multiple underwriting entities. Consolidated reporting, the Australian listing and local statutory filings can use different currencies and apply to different legal perimeters.
Interpretation notes and limitations
Constant-currency and adjusted measures retain QBE's methodology. A group combined ratio cannot represent each region, while APRA evidence about an Australian entity does not cover the global group. FX assumptions and catastrophe experience affect peer comparisons.
Related intelligence
Sources and methodology
- Static annual report — QBE Insurance Group; FY2025; QBE Insurance Group consolidated.
- Full-year results/ASX announcement — QBE Insurance Group; FY2025; QBE Insurance Group consolidated and disclosed divisions.
- Credit ratings — QBE Insurance Group; Current table; QBE parent issuer rating and separately named operating insurers.
- Official company profile — QBE Insurance Group; Current profile; QBE international insurer and reinsurer.
- Exchange/company page — Australian Securities Exchange; Current listing; QBE Insurance Group Limited, code QBE.