Latest news with #QBEInsuranceGroup
Yahoo
6 days ago
- Business
- Yahoo
QBE Insurance Group First Half 2025 Earnings: EPS Beats Expectations, Revenues Lag
QBE Insurance Group (ASX:QBE) First Half 2025 Results Key Financial Results Revenue: US$11.3b (up 4.3% from 1H 2024). Net income: US$997.0m (up 28% from 1H 2024). Profit margin: 8.8% (up from 7.2% in 1H 2024). The increase in margin was driven by higher revenue. EPS: US$0.66 (up from US$0.52 in 1H 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period QBE Insurance Group EPS Beats Expectations, Revenues Fall Short Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 19%. Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Insurance industry in Australia are expected to grow by 1.4%. Performance of the Australian Insurance industry. The company's shares are down 6.7% from a week ago. Risk Analysis We don't want to rain on the parade too much, but we did also find 1 warning sign for QBE Insurance Group that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
17-07-2025
- Business
- Yahoo
AM Best Affirms Credit Ratings of QBE Insurance Group Limited's Key Subsidiaries
LONDON, July 17, 2025--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "a+" (Excellent) of QBE Europe SA/NV (Belgium), QBE UK Limited (United Kingdom), QBE Capital (Global) Ltd. (Bermuda), QBE Capital Ltd. (Bermuda) and the pooled members of QBE North America Insurance Group (see list below). These companies are key operating subsidiaries of QBE Insurance Group Limited (QBE) (Australia) [ASX: QBE], the non-operating holding company of the QBE group of companies. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect QBE's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management. QBE's balance sheet strength assessment is underpinned by risk-adjusted capitalisation at the strongest level as of year-end 2024, as measured by Best's Capital Adequacy Ratio (BCAR). Prospectively, AM Best expects QBE's risk-adjusted capitalisation to remain at least at the very strong level. QBE's balance sheet strength assessment is supported by the group's conservative investment portfolio and its appropriate reinsurance programme. In addition, as a regular capital markets participant, QBE benefits from strong financial flexibility and has demonstrated a trend of decreasing financial leverage in recent years. The group employs a prudent reserving approach, with a record of favourable prior-year reserve development in most years. The group's strong operating performance assessment reflects its record of robust underwriting performance, supported by its diverse earnings profile. Ongoing underwriting portfolio management has supported improved technical performance in recent years. The group's net/net combined ratio of 90.2% for 2024 represented a two percentage point improvement compared with 2023, as calculated by AM Best on an IFRS 17 basis. QBE's favourable business profile assessment reflects its excellent geographic diversification and strong competitive positions in its core markets, with an established focus on global commercial lines insurance. The FSR of A (Excellent) and the Long-Term ICRs of "a+" (Excellent) have been affirmed for the following pooled members of QBE North America Insurance Group: General Casualty Company of Wisconsin General Casualty Insurance Company NAU Country Insurance Company North Pointe Insurance Company Praetorian Insurance Company QBE Insurance Corporation QBE Reinsurance Corporation QBE Specialty Insurance Company Regent Insurance Company Southern Pilot Insurance Company Stonington Insurance Company This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Kanika Thukral Associate Director, Analytics +44 20 7397 0327 Vicky Riggs Associate Director, Analytics +1 908 882 2273 Tim Prince Director, Analytics +44 20 7397 0320 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
Is QBE Insurance Group Limited's (ASX:QBE) Latest Stock Performance Being Led By Its Strong Fundamentals?
Most readers would already know that QBE Insurance Group's (ASX:QBE) stock increased by 5.6% over the past three months. Since the market usually pay for a company's long-term financial health, we decided to study the company's fundamentals to see if they could be influencing the market. Specifically, we decided to study QBE Insurance Group's ROE in this article. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for QBE Insurance Group is: 17% = US$1.8b ÷ US$11b (Based on the trailing twelve months to December 2024). The 'return' is the yearly profit. That means that for every A$1 worth of shareholders' equity, the company generated A$0.17 in profit. View our latest analysis for QBE Insurance Group Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. To begin with, QBE Insurance Group seems to have a respectable ROE. Even when compared to the industry average of 16% the company's ROE looks quite decent. Consequently, this likely laid the ground for the impressive net income growth of 55% seen over the past five years by QBE Insurance Group. We reckon that there could also be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio. Next, on comparing with the industry net income growth, we found that QBE Insurance Group's growth is quite high when compared to the industry average growth of 19% in the same period, which is great to see. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if QBE Insurance Group is trading on a high P/E or a low P/E, relative to its industry. QBE Insurance Group has a three-year median payout ratio of 49% (where it is retaining 51% of its income) which is not too low or not too high. So it seems that QBE Insurance Group is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered. Additionally, QBE Insurance Group has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 49%. Therefore, the company's future ROE is also not expected to change by much with analysts predicting an ROE of 15%. On the whole, we feel that QBE Insurance Group's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Citizen
12-05-2025
- Business
- The Citizen
Conditional compensation offered to victims in Tiger Brands listeriosis case
A major development has emerged in the long-running listeriosis class action against Tiger Brands, as attorneys representing the company's lead reinsurer, QBE Insurance Group, presented a conditional settlement offer to the plaintiffs' legal team. According to Polokwane Review, the offer, confirmed by Tiger Brands on April 25, applies to certain victims of the deadly 2017–2018 listeriosis outbreak, specifically those affected by the ST6 strain of listeria monocytogenes, which was ultimately traced back to the Enterprise Foods factory in Polokwane. According to the statement issued today, the insurer, with Tiger Brands' support, has authorised attorneys to offer compensation to three specific categories of victims: Individuals who contracted listeriosis (or whose mothers did) due to the ST6 strain. Those who lost a legal breadwinner to ST6 listeriosis. Legal guardians of dependants who contracted ST6 listeriosis. The offer includes payment for proven or agreed compensatory damages under Section 61 of the Consumer Protection Act 68 of 2008. However, it is made without any admission of liability and is subject to certain conditions being met. Tiger Brands has reiterated that it has adequate product liability insurance in place to cover such claims and maintains that this move is part of a broader strategy to resolve the class action. The company also noted that no personal or financial details of the offer will be made public to protect claimants' privacy. 'Today's announcement represents an important milestone and follows shortly on measures already taken in February to offer interim relief in the form of advance payments to identified claimants with urgent medical needs. It also demonstrates our commitment to continue to work closely with our insurers and their appointed attorneys to explore a resolution of the entire class action,' said Tiger Brands Tjaart Kruger. Attorneys for the plaintiffs will now begin the process of presenting the settlement offer to qualifying claimants. Those who accept will have their damages assessed individually, with the process expected to take several weeks. The class action is still in stage one, and a court will determine whether Tiger Brands can be held liable or not during this time. Only after this stage will the court assess causation and potential damages on a broader scale. The listeriosis outbreak, declared the world's largest ever, claimed over 200 lives and left lasting trauma for many South African families. The fallout was also significant for Polokwane's economy, as the Enterprise factory, once a major local employer, was forced to shut down during the investigation. Department of Health responds Meanwhile, the Department of Health welcomed the decision to finally settle, adding that it is an important milestone in bringing the lengthy legal matter to an end. Health spokesperson Foster Mohale said the National Institute For Communicable Diseases is providing the required medical records to enable decision-making in the process during the investigation of the listeriosis outbreak. 'The department is also appealing to those with enough evidence suggesting a causal link between the outbreak of listeriosis and the loss of their loved ones, to come forward so that their clinical records can be accessed for assessment to establish if indeed they have valid claims eligible for settlement, and also to find lasting closure after grief,' his statement read. Mohale said the outbreak highlighted the importance of consistent and strict adherence to food safety practices in the processing and handling of ready-to-eat foods, especially for mass supply. 'Food safety and hygiene practices remain crucial for public health, preventing food-borne illnesses, reducing food waste and avoiding costly food recalls,' he said. As legal proceedings continue, Tiger Brands said it remains committed to working with its insurers to find a resolution and ensure timely relief for affected individuals. Breaking news at your fingertips… Follow Caxton Network News on Facebook and join our WhatsApp channel. Nuus wat saakmaak. Volg Caxton Netwerk-nuus op Facebook en sluit aan by ons WhatsApp-kanaal. Read original story on At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Eyewitness News
12-05-2025
- Health
- Eyewitness News
Tiger Brands tables settlement offer in listeriosis class action to victims
JOHANNESBURG - Tiger Brands has tabled a settlement offer in the listeriosis class action to victims in what could be a breakthrough in the long-stalled case. The food manufacturer remains under public and legal scrutiny, nearly seven years after a deadly outbreak linked to its polony products claimed over 200 lives and infected more than 1,000 people. The settlement offer comes while the class action remains in its first phase, focused on establishing whether Tiger Brands can be held legally liable for the outbreak — only if that's proven will the court decide how much is owed to victims. The offer was made on 25 April by QBE Insurance Group, Tiger Brands' lead insurer, and covers specific claimants who suffered harm from a deadly strain of listeria monocytogenes traced to the company's food production line in 2017. It applies to three groups, namely, those who contracted listeriosis, dependents who lost caregivers, and legal guardians of children who were infected. The offer includes compensation for proven or agreed damages, but without admitting liability. The company said the settlement offer follows advance payments made earlier in 2025 to claimants with urgent medical needs and shows its commitment to reaching a fair outcome. The next step is for plaintiffs' attorneys to present the offer to qualifying claimants, a process expected to take several weeks before damage quantification begins. VICTIMS' LAWYERS WELCOME MOVE Meanwhile, lawyers representing victims of the deadly 2017 Listeriosis outbreak have welcomed the company's first real move towards compensation. Lawyer for the victims, Richard Spoor, said this was the beginning of a long road to justice. 'It is a qualified offer that they made. It is limited to people whose genetic samples can be traced back to the outbreak - people whose infection is genetically linked to the bacteria found in the factory and its products. This is something we've been arguing for a long time. So this acknowledgement by Tiger Brands - that they produced and distributed contaminated food, is a really important one.'
