QBE Insurance Group Limited (ASX:QBE) Announces Half Year Results
Financial Performance
QBE Insurance Group Limited reported a statutory net profit after tax of $1,022 million for the half year ended 30 June 2025, up from $802 million in 1H24. Adjusted net profit after tax increased to $997 million from $777 million, achieving an adjusted return on equity of 19.2%.
Underwriting and Operating Performance
Gross written premium grew by 6%, or 8% excluding exited portfolios, driven by organic growth in key areas. The combined operating ratio improved to 92.8% from 93.8%, indicating a balanced and broad performance across the business.
Investment and Capital Management
Total investment income reached $788 million, maintaining a return of 2.4%. The debt to total capital ratio increased to 25.2% from 19.9% due to higher borrowings of $3.7 billion.
Dividend Declaration
The Board declared an interim dividend of 31 Australian cents per share, representing a payout ratio of 30% of adjusted net profit after tax.
Executive Comments
Group CEO Andrew Horton stated, “QBE delivered a solid 1H25 result and is on track to achieve our full year outlook. We are executing well against a clear strategy, with efforts to reshape our portfolio and stabilise performance underpinning improved results.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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