QBE Insurance Group Limited
QBE Insurance Group Limited engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally. The company offers range of commercial, personal, and specialty products, such as commercial and domestic property, agriculture, public/product liability, motor and motor casualty, professional indemnity, workers' compensation, accident, health,… Read more
QBE Insurance Group Limited (QBEIF) - Net Assets
Latest net assets as of June 2025: $10.90 Billion USD
Based on the latest financial reports, QBE Insurance Group Limited (QBEIF) has net assets worth $10.90 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($47.28 Billion) and total liabilities ($36.38 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $10.90 Billion |
| % of Total Assets | 23.05% |
| Annual Growth Rate | 12.34% |
| 5-Year Change | 41.96% |
| 10-Year Change | 1.45% |
| Growth Volatility | 24.64 |
QBE Insurance Group Limited - Net Assets Trend (1988–2024)
This chart illustrates how QBE Insurance Group Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for QBE Insurance Group Limited (1988–2024)
The table below shows the annual net assets of QBE Insurance Group Limited from 1988 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $10.73 Billion | +7.82% |
| 2023-12-31 | $9.95 Billion | +11.51% |
| 2022-12-31 | $8.93 Billion | +0.80% |
| 2021-12-31 | $8.85 Billion | +17.14% |
| 2020-12-31 | $7.56 Billion | -7.33% |
| 2019-12-31 | $8.16 Billion | -11.59% |
| 2018-12-31 | $9.23 Billion | +5.26% |
| 2017-12-31 | $8.77 Billion | -14.71% |
| 2016-12-31 | $10.28 Billion | -2.84% |
| 2015-12-31 | $10.58 Billion | +10.99% |
| 2014-12-31 | $9.53 Billion | -8.71% |
| 2013-12-31 | $10.44 Billion | -11.34% |
| 2012-12-31 | $11.77 Billion | +11.16% |
| 2011-12-31 | $10.59 Billion | +0.22% |
| 2010-12-31 | $10.57 Billion | +27.47% |
| 2009-12-31 | $8.29 Billion | +30.06% |
| 2008-12-31 | $6.37 Billion | +6.66% |
| 2007-12-31 | $5.98 Billion | +51.57% |
| 2006-12-31 | $3.94 Billion | +43.12% |
| 2005-12-31 | $2.76 Billion | +1.32% |
| 2004-12-31 | $2.72 Billion | +67.19% |
| 2003-12-31 | $1.63 Billion | +82.72% |
| 2002-12-31 | $890.13 Million | +15.72% |
| 2001-12-31 | $769.19 Million | +57.51% |
| 1998-12-31 | $488.34 Million | +24.81% |
| 1997-12-31 | $391.28 Million | -27.89% |
| 1996-12-31 | $542.65 Million | +9.76% |
| 1995-12-31 | $494.41 Million | +46.02% |
| 1994-12-31 | $338.59 Million | +4.82% |
| 1993-12-31 | $323.04 Million | +37.17% |
| 1992-12-31 | $235.49 Million | -8.79% |
| 1991-12-31 | $258.19 Million | +11.73% |
| 1990-12-31 | $231.08 Million | +6.77% |
| 1989-12-31 | $216.42 Million | +32.99% |
| 1988-12-31 | $162.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to QBE Insurance Group Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4888.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.94 Billion | 27.44% |
| Common Stock | $8.71 Billion | 81.15% |
| Other Comprehensive Income | $-925.00 Million | -8.62% |
| Other Components | $3.00 Million | 0.03% |
| Total Equity | $10.73 Billion | 100.00% |
QBE Insurance Group Limited Competitors by Market Cap
The table below lists competitors of QBE Insurance Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sampo A SDB
ST:SAMPO-SDB
|
$20.00 Billion |
|
Bank of Jiangsu Co Ltd
SHG:600919
|
$20.03 Billion |
|
Bank Central Asia Tbk
JK:BBCA
|
$20.04 Billion |
|
Brown & Brown Inc
NYSE:BRO
|
$20.06 Billion |
|
Gold Fields Limited
PINK:GFIOF
|
$19.92 Billion |
|
DSM-Firmenich AG
OTCQX:DSMFF
|
$19.91 Billion |
|
Nippon Steel Corporation
PINK:NISTF
|
$19.91 Billion |
|
Corpay Inc
NYSE:CPAY
|
$19.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QBE Insurance Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,927,522,951 to 10,731,000,000, a change of 803,477,049 (8.1%).
- Net income of 1,779,000,000 contributed positively to equity growth.
- Dividend payments of 760,000,000 reduced retained earnings.
- Share repurchases of 1,000,000 reduced equity.
- Other comprehensive income decreased equity by 538,000,000.
- Other factors increased equity by 323,477,049.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.78 Billion | +16.58% |
| Dividends Paid | $760.00 Million | -7.08% |
| Share Repurchases | $1.00 Million | -0.01% |
| Other Comprehensive Income | $-538.00 Million | -5.01% |
| Other Changes | $323.48 Million | +3.01% |
| Total Change | $- | 8.09% |
Book Value vs Market Value Analysis
This analysis compares QBE Insurance Group Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.03x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 21.60x to 2.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-12-31 | $0.67 | $14.37 | x |
| 1989-12-31 | $0.85 | $14.37 | x |
| 1990-12-31 | $0.88 | $14.37 | x |
| 1991-12-31 | $0.82 | $14.37 | x |
| 1992-12-31 | $0.41 | $14.37 | x |
| 1993-12-31 | $0.81 | $14.37 | x |
| 1994-12-31 | $0.98 | $14.37 | x |
| 1995-12-31 | $1.09 | $14.37 | x |
| 1996-12-31 | $1.45 | $14.37 | x |
| 1997-12-31 | $1.00 | $14.37 | x |
| 1998-12-31 | $1.23 | $14.37 | x |
| 1999-12-31 | $-0.03 | $14.37 | x |
| 2001-12-31 | $1.60 | $14.37 | x |
| 2002-12-31 | $1.45 | $14.37 | x |
| 2003-12-31 | $2.50 | $14.37 | x |
| 2004-12-31 | $3.85 | $14.37 | x |
| 2005-12-31 | $3.35 | $14.37 | x |
| 2006-12-31 | $4.70 | $14.37 | x |
| 2007-12-31 | $6.69 | $14.37 | x |
| 2008-12-31 | $6.99 | $14.37 | x |
| 2009-12-31 | $8.05 | $14.37 | x |
| 2010-12-31 | $9.81 | $14.37 | x |
| 2011-12-31 | $9.18 | $14.37 | x |
| 2012-12-31 | $9.48 | $14.37 | x |
| 2013-12-31 | $8.59 | $14.37 | x |
| 2014-12-31 | $7.13 | $14.37 | x |
| 2015-12-31 | $7.62 | $14.37 | x |
| 2016-12-31 | $7.36 | $14.37 | x |
| 2017-12-31 | $6.40 | $14.37 | x |
| 2018-12-31 | $6.76 | $14.37 | x |
| 2019-12-31 | $6.15 | $14.37 | x |
| 2020-12-31 | $5.32 | $14.37 | x |
| 2021-12-31 | $5.97 | $14.37 | x |
| 2022-12-31 | $5.93 | $14.37 | x |
| 2023-12-31 | $6.62 | $14.37 | x |
| 2024-12-31 | $7.09 | $14.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QBE Insurance Group Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.58%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.49%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 4.09x
- Recent ROE (16.58%) is above the historical average (5.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | -0.37% | 0.00% | 0.00x | 5.35x | $-16.64 Million |
| 1989 | -0.28% | 0.00% | 0.00x | 5.24x | $-21.95 Million |
| 1990 | -0.05% | 0.00% | 0.00x | 5.12x | $-22.93 Million |
| 1991 | -0.29% | 0.00% | 0.00x | 5.98x | $-26.20 Million |
| 1992 | -0.45% | 0.00% | 0.00x | 5.25x | $-24.19 Million |
| 1993 | -0.32% | 0.00% | 0.00x | 5.09x | $-32.82 Million |
| 1994 | -0.45% | 0.00% | 0.00x | 5.20x | $-34.87 Million |
| 1995 | -0.54% | 0.00% | 0.00x | 4.66x | $-50.80 Million |
| 1996 | -0.40% | 0.00% | 0.00x | 5.61x | $-54.95 Million |
| 1997 | -0.36% | 0.00% | 0.00x | 6.23x | $-39.42 Million |
| 1998 | -0.15% | 0.00% | 0.00x | 5.97x | $-48.39 Million |
| 1999 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.69 Million |
| 2001 | -0.54% | -0.16% | 0.46x | 7.48x | $-79.62 Million |
| 2002 | 0.06% | 0.02% | 0.55x | 6.95x | $-86.48 Million |
| 2003 | -0.24% | -0.08% | 0.50x | 6.18x | $-163.76 Million |
| 2004 | -0.26% | -0.09% | 0.49x | 5.68x | $-275.28 Million |
| 2005 | 29.37% | 13.14% | 0.38x | 5.82x | $526.87 Million |
| 2006 | 38.01% | 15.97% | 0.47x | 5.05x | $1.09 Billion |
| 2007 | 28.46% | 16.43% | 0.37x | 4.67x | $1.09 Billion |
| 2008 | 20.55% | 14.54% | 0.33x | 4.34x | $667.30 Million |
| 2009 | 21.50% | 14.22% | 0.38x | 4.01x | $946.68 Million |
| 2010 | 12.19% | 10.59% | 0.28x | 4.09x | $229.52 Million |
| 2011 | 6.68% | 4.24% | 0.35x | 4.50x | $-349.89 Million |
| 2012 | 6.50% | 4.45% | 0.33x | 4.47x | $-410.25 Million |
| 2013 | -2.44% | -1.57% | 0.34x | 4.56x | $-1.29 Billion |
| 2014 | 7.82% | 4.98% | 0.39x | 4.08x | $-206.50 Million |
| 2015 | 6.53% | 5.29% | 0.30x | 4.08x | $-365.24 Million |
| 2016 | 8.25% | 7.13% | 0.28x | 4.11x | $-178.74 Million |
| 2017 | -14.32% | -9.86% | 0.29x | 5.01x | $-2.12 Billion |
| 2018 | 4.24% | 3.10% | 0.28x | 4.80x | $-530.58 Million |
| 2019 | 6.74% | 4.41% | 0.35x | 4.38x | $-265.73 Million |
| 2020 | -20.07% | -12.87% | 0.29x | 5.37x | $-2.27 Billion |
| 2021 | 8.47% | 5.54% | 0.31x | 4.88x | $-135.38 Million |
| 2022 | 6.63% | 4.38% | 0.40x | 3.75x | $-298.50 Million |
| 2023 | 13.65% | 7.77% | 0.41x | 4.24x | $362.25 Million |
| 2024 | 16.58% | 9.49% | 0.43x | 4.09x | $705.90 Million |
Industry Comparison
This section compares QBE Insurance Group Limited's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $3,948,110,200
- Average return on equity (ROE) among peers: 16.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QBE Insurance Group Limited (QBEIF) | $10.90 Billion | -0.37% | 3.34x | $19.95 Billion |
| American Coastal Insurance Corp (ACIC) | $45.29 Million | -2.04% | 3.72x | $250.00 Million |
| American Financial Group Inc (AFG) | $1.95 Billion | -0.76% | 7.91x | $8.54 Billion |
| AmTrust Financial Services Inc Pref Series A (AFSIA) | $118.83 Million | 11.87% | 3.19x | $1.69 Billion |
| Aspen Insurance Holdings Limited (AHL) | $2.39 Billion | 15.82% | 1.78x | $14.67 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $227.08 Million |
| Assurant Inc (AIZ) | $3.37 Billion | 2.66% | 6.24x | $10.74 Billion |
| The Allstate Corporation (ALL) | $30.61 Billion | 33.59% | 2.91x | $53.61 Billion |
| Admiral Group plc (AMIGF) | $68.95 Million | 44.87% | 4.47x | $10.33 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $398.81 Million | 11.81% | 1.82x | $155.46 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $192.08 Million | 13.04% | 4.35x | $707.67 Million |