QBE Insurance Group Limited (QBE) — Tangible Net Worth Ratio
QBE Insurance Group Limited (QBE) has a Tangible Net Worth Ratio of 95.5% as of December 2025. This metric is calculated by deducting intangible assets (AU$525.35 Million) from net assets (AU$11.68 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. For live market cap and overall valuation, see how much is QBE Insurance Group Limited worth.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
QBE Insurance Group Limited Tangible Net Worth Ratio (1988–2025)
This chart shows how QBE Insurance Group Limited's Tangible Net Worth Ratio has changed across 36 annual periods from 1988 to 2025. As of December 2025, the ratio stands at 95.5%, reflecting net assets of AU$11.68 Billion with intangible assets of AU$525.35 Million AUD. Also explore QBE year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for QBE Insurance Group Limited (1988–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for QBE Insurance Group Limited from 1988 to 2025, covering 36 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. See QBE financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Tangible NW Ratio | Net Assets (AUD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 95.5% | AU$11.68 Billion | AU$525.35 Million | AU$49.19 Billion | ▲ +0.1 pp |
| 2024 | 95.4% | AU$10.73 Billion | AU$494.00 Million | AU$43.85 Billion | ▲ +0.6 pp |
| 2023 | 94.8% | AU$9.95 Billion | AU$516.00 Million | AU$42.11 Billion | ▲ +17.6 pp |
| 2022 | 77.2% | AU$8.93 Billion | AU$2.03 Billion | AU$33.22 Billion | ▲ +4.8 pp |
| 2021 | 72.4% | AU$8.85 Billion | AU$2.44 Billion | AU$43.24 Billion | ▲ +2.1 pp |
| 2020 | 70.3% | AU$8.49 Billion | AU$2.52 Billion | AU$46.62 Billion | ▲ +4.6 pp |
| 2019 | 65.8% | AU$8.16 Billion | AU$2.79 Billion | AU$35.75 Billion | ▲ +2.4 pp |
| 2018 | 63.4% | AU$8.40 Billion | AU$3.08 Billion | AU$39.58 Billion | ▼ -2.0 pp |
| 2017 | 65.4% | AU$8.77 Billion | AU$3.03 Billion | AU$43.69 Billion | ▲ +0.5 pp |
| 2016 | 64.9% | AU$10.28 Billion | AU$3.61 Billion | AU$42.05 Billion | ▼ -1.0 pp |
| 2015 | 65.9% | AU$10.58 Billion | AU$3.61 Billion | AU$42.93 Billion | ▼ -30.3 pp |
| 2014 | 96.2% | AU$9.53 Billion | AU$363.75 Million | AU$38.70 Billion | ▲ +1.7 pp |
| 2013 | 94.4% | AU$10.44 Billion | AU$580.98 Million | AU$47.43 Billion | ▲ +5.3 pp |
| 2012 | 89.1% | AU$11.77 Billion | AU$1.28 Billion | AU$52.35 Billion | ▲ +2.5 pp |
| 2011 | 86.6% | AU$10.59 Billion | AU$1.42 Billion | AU$47.43 Billion | ▼ -5.6 pp |
| 2010 | 92.2% | AU$10.57 Billion | AU$827.72 Million | AU$42.90 Billion | ▼ -0.5 pp |
| 2009 | 92.6% | AU$9.25 Billion | AU$681.06 Million | AU$36.81 Billion | ▲ +1.0 pp |
| 2008 | 91.7% | AU$7.96 Billion | AU$663.82 Million | AU$34.24 Billion | ▼ -3.2 pp |
| 2007 | 94.9% | AU$7.50 Billion | AU$383.54 Million | AU$34.77 Billion | ▼ -1.9 pp |
| 2006 | 96.8% | AU$5.06 Billion | AU$161.09 Million | AU$25.33 Billion | ▲ +5.4 pp |
| 2004 | 91.4% | AU$3.50 Billion | AU$301.14 Million | AU$19.58 Billion | ▲ +5.8 pp |
| 2002 | 85.5% | AU$1.68 Billion | AU$242.29 Million | AU$11.39 Billion | ▼ -0.2 pp |
| 2001 | 85.8% | AU$1.39 Billion | AU$197.54 Million | AU$10.18 Billion | ▲ +6.8 pp |
| 2000 | 78.9% | AU$1.75 Billion | AU$369.00 Million | AU$14.50 Billion | ▼ -20.1 pp |
| 1999 | 99.0% | AU$5.31 Billion | AU$52.63 Million | AU$9.53 Billion | ▲ +4.1 pp |
| 1998 | 94.9% | AU$734.57 Million | AU$37.25 Million | AU$4.28 Billion | ▲ +0.9 pp |
| 1997 | 94.1% | AU$632.96 Million | AU$37.56 Million | AU$3.84 Billion | ▼ -1.0 pp |
| 1996 | 95.1% | AU$723.87 Million | AU$35.39 Million | AU$3.95 Billion | ▼ -1.2 pp |
| 1995 | 96.3% | AU$626.69 Million | AU$23.00 Million | AU$2.85 Billion | ▲ +0.2 pp |
| 1994 | 96.1% | AU$475.00 Million | AU$18.32 Million | AU$2.44 Billion | ▲ +2.1 pp |
| 1993 | 94.1% | AU$443.58 Million | AU$26.23 Million | AU$2.22 Billion | ▲ +1.9 pp |
| 1992 | 92.2% | AU$351.48 Million | AU$27.43 Million | AU$1.81 Billion | ▲ +1.7 pp |
| 1991 | 90.5% | AU$346.56 Million | AU$32.83 Million | AU$2.04 Billion | ▼ -1.8 pp |
| 1990 | 92.3% | AU$301.27 Million | AU$23.08 Million | AU$1.52 Billion | ▲ +1.0 pp |
| 1989 | 91.3% | AU$274.23 Million | AU$23.82 Million | AU$1.42 Billion | ▲ +1.6 pp |
| 1988 | 89.7% | AU$214.11 Million | AU$21.98 Million | AU$1.13 Billion | — |