QBE Insurance Group Limited

The principal activities of the QBE Insurance Group are underwriting general insurance and reinsurance risks, management of Lloyd’s syndicates, and investment management.

QBE report their financial statements in $US which may affect the valuation figures below.

Australia Stock Exchange: QBE

Profit or Loss

($) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014 31 Dec 2013 31 Dec 2012 31 Dec 2011
Revenue 11,708,000,000 11,609,000,000 11,640,000,000 11,351,000,000 11,066,000,000 12,314,000,000 14,084,000,000 15,396,000,000 15,798,000,000 15,359,000,000
Cost of Goods Sold -3,643,000,000 -3,509,000,000 -3,755,000,000 -3,744,000,000 -3,956,000,000 -4,251,000,000 -4,637,000,000 -5,124,000,000 -4,917,000,000 -4,399,000,000
Gross Profit 8,065,000,000 8,100,000,000 7,885,000,000 7,607,000,000 7,110,000,000 8,063,000,000 9,447,000,000 10,272,000,000 10,881,000,000 10,960,000,000
Operating Costs -9,285,000,000 -7,171,000,000 -6,953,000,000 -8,098,000,000 -5,744,000,000 -6,866,000,000 -8,219,000,000 -10,375,000,000 -9,616,000,000 -9,817,000,000
Operating Profit -1,220,000,000 929,000,000 932,000,000 -491,000,000 1,366,000,000 1,197,000,000 1,228,000,000 -103,000,000 1,265,000,000 1,143,000,000
Financing Costs -252,000,000 -257,000,000 -305,000,000 -302,000,000 -294,000,000 -244,000,000 -297,000,000 -345,000,000 -324,000,000 -275,000,000
Profit Before Tax -1,472,000,000 672,000,000 627,000,000 -793,000,000 1,072,000,000 953,000,000 931,000,000 -448,000,000 941,000,000 868,000,000
Income Tax -39,000,000 -104,000,000 -72,000,000 -423,000,000 -228,000,000 -260,000,000 -182,000,000 204,000,000 -161,000,000 -149,000,000
Profit -1,511,000,000 568,000,000 555,000,000 -1,216,000,000 844,000,000 693,000,000 749,000,000 -244,000,000 780,000,000 719,000,000

Balance Sheet

($) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014 31 Dec 2013 31 Dec 2012 31 Dec 2011
Current Assets 46,624,000,000 40,035,000,000 39,582,000,000 43,862,000,000 41,583,000,000 42,176,000,000 45,000,000,000 47,271,000,000 50,762,000,000 46,737,000,000
Non-Current Assets 0 0 0 0 0 0 0 0 0 0
Total Assets 46,624,000,000 40,035,000,000 39,582,000,000 43,862,000,000 41,583,000,000 42,176,000,000 45,000,000,000 47,271,000,000 50,762,000,000 46,737,000,000
Current Liabilities 38,132,000,000 31,882,000,000 31,182,000,000 34,961,000,000 31,249,000,000 31,616,000,000 33,918,000,000 36,868,000,000 39,345,000,000 36,299,000,000
Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0
Total Liabilities 38,132,000,000 31,882,000,000 31,182,000,000 34,961,000,000 31,249,000,000 31,616,000,000 33,918,000,000 36,868,000,000 39,345,000,000 36,299,000,000
Total Equity 8,492,000,000 8,153,000,000 8,400,000,000 8,901,000,000 10,334,000,000 10,560,000,000 11,082,000,000 10,403,000,000 11,417,000,000 10,438,000,000

Cash Flow

($) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014 31 Dec 2013 31 Dec 2012 31 Dec 2011
Cash Flow from Operating Activities 1,234,000,000 1,779,000,000 -443,000,000 172,000,000 559,000,000 -16,000,000 332,000,000 850,000,000 2,753,000,000 2,139,000,000
Cash Flow from Investing Activities -2,162,000,000 -1,076,000,000 1,706,000,000 297,000,000 158,000,000 253,000,000 -462,000,000 -1,410,000,000 -2,197,000,000 -3,531,000,000
Cash Flow from Financing Activities 1,193,000,000 -982,000,000 -937,000,000 -724,000,000 -569,000,000 -388,000,000 -225,000,000 -119,000,000 64,000,000 1,150,000,000
Net Change in Cash 265,000,000 -279,000,000 326,000,000 -255,000,000 148,000,000 -151,000,000 -355,000,000 -679,000,000 620,000,000 -242,000,000
Cash at Beginning 547,000,000 863,000,000 572,000,000 847,000,000 662,000,000 852,000,000 1,238,000,000 2,025,000,000 1,457,000,000 1,686,000,000
Exchange Fluctuations -46,000,000 -37,000,000 -35,000,000 -20,000,000 37,000,000 -39,000,000 -31,000,000 -108,000,000 -52,000,000 13,000,000
Cash at End of Period 766,000,000 547,000,000 863,000,000 572,000,000 847,000,000 662,000,000 852,000,000 1,238,000,000 2,025,000,000 1,457,000,000

Profitability

  31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014 31 Dec 2013 31 Dec 2012 31 Dec 2011
Gross Margin 68.9% 69.8% 67.7% 67.0% 64.3% 65.5% 67.1% 66.7% 68.9% 71.4%
Operating Margin -10.4% 8.0% 8.0% -4.3% 12.3% 9.7% 8.7% -0.7% 8.0% 7.4%
Profit Margin -12.9% 4.9% 4.8% -10.7% 7.6% 5.6% 5.3% -1.6% 4.9% 4.7%

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Management Effectiveness

  31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014 31 Dec 2013 31 Dec 2012 31 Dec 2011
Return on Assets -3.2% 1.4% 1.4% -2.8% 2.0% 1.6% 1.7% -0.5% 1.5% 1.5%
Return on Equity -17.8% 7.0% 6.6% -13.7% 8.2% 6.6% 6.8% -2.3% 6.8% 6.9%
Current Ratio 1.22 1.26 1.27 1.25 1.33 1.33 1.33 1.28 1.29 1.29
Debt to Equity Ratio 4.49 3.91 3.71 3.93 3.02 2.99 3.06 3.54 3.45 3.48

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Valuation

  31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014 31 Dec 2013 31 Dec 2012 31 Dec 2011
Share Price ($) 8.53 12.88 10.10 10.68 12.42 12.59 11.21 11.51 10.90 12.95
Shares on Issue 1,470,863,973 1,305,403,687 1,328,678,292 1,328,678,292 1,371,590,366 1,371,270,339 1,364,945,301 1,248,704,599 1,196,747,582 1,115,545,692
Market Capitalisation ($) 12,546,469,690 16,813,599,489 13,419,650,749 14,190,284,159 17,035,152,346 17,264,293,568 15,301,036,824 14,372,589,934 13,044,548,644 14,446,316,711
Revenue per Share ($) 7.96 8.89 8.76 8.54 8.07 8.98 10.32 12.33 13.20 13.77
Earnings per Share ($) -1.03 0.44 0.42 -0.92 0.62 0.51 0.55 -0.20 0.65 0.64
Dividend per Share ($) 0.18 0.35 0.18 0.40 0.36 0.26 0.16 0.19 0.39 0.70
Dividend Yield 2.1% 2.7% 1.8% 3.8% 2.9% 2.1% 1.4% 1.6% 3.6% 5.4%
Price to Sales Ratio 1.1 1.4 1.2 1.3 1.5 1.4 1.1 0.9 0.8 0.9
Price to Earnings Ratio -8.3 29.6 24.2 -11.7 20.2 24.9 20.4 -58.9 16.7 20.1
Price to Book Ratio 1.5 2.1 1.6 1.6 1.6 1.6 1.4 1.4 1.1 1.4

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