QBE Insurance Group

QBE is an Australian-listed insurance group that reports its global operations principally in US dollars. Its North America, International and Australia Pacific divisions are management perimeters spanning many underwriting entities, currencies and regulatory systems.

Company at a glance

• Headquarters: Sydney, Australia
• Listed/legal parent: QBE Insurance Group Limited, listed in Sydney
• Core insurance businesses: commercial and personal general insurance; specialty insurance; reinsurance
• Main markets: North America, international markets and Australia Pacific
• Reporting currency: USD
• Financial year-end: 31 December
• Regulatory context: Australian APRA group and insurer supervision alongside local regulation worldwide

Business and operating structure

QBE Insurance Group Limited is the listed parent. Operating companies write business through regional networks in North America, Europe, Asia and Australia Pacific, with reinsurance activity embedded in the reported portfolio. The legal carrier behind a policy depends on jurisdiction and product.

Key insurance activities

QBE is weighted toward commercial and specialty P&C, including property, casualty, crop, marine and professional risks, while selected markets also contain personal lines. Distribution is largely through brokers and intermediaries. Catastrophe exposure, crop experience and reserve development can change the relationship between premium growth and underwriting result.

Scale and reporting context

Despite the Australian listing, consolidated financial statements use US dollars for the calendar year. FY2025 remains the latest full-year context for gross written premium, insurance revenue and combined operating ratio. QBE's 2026 half-year materials cover the six months to 30 June 2026 and are the newest periodic reporting in this source set. Local Australian returns use AUD, and constant-currency measures retain QBE's stated exchange-rate method.

Legal-entity, brand and subsidiary distinctions

The listed parent is not the universal underwriter, and a geographic division is not a legal insurer. QBE Re refers to reinsurance activity rather than the whole group. Australian operating entities form only part of the consolidated international perimeter.

Capital, ratings and regulatory context

APRA evidence covers the Australian group or named insurer described, while overseas entities follow local regimes. Ratings identify specific QBE obligors. Peer comparison should state the reporting currency, crop and catastrophe exposure, reinsurance contribution and whether the ratio is group-wide or regional.

What matters when comparing QBE Insurance Group

For QBE Insurance Group, comparison turns on USD group reporting, crop and catastrophe exposure, and regional underwriting entities.

Related intelligence

• Company references
• QBE Insurance Group Company Source Reference Guide

Sources and methodology

• 2025 annual report and results hub — QBE Insurance Group; FY2025; QBE Insurance Group consolidated.
• 2025 full-year results hub — QBE Insurance Group; FY2025; QBE Insurance Group consolidated and disclosed divisions.
• 2026 half-year results – QBE Insurance Group; six months to 30 June 2026, announced 14 August 2026; 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.