QBEIF QBE Insurance Group Ltd featured news, full reports, and detailed charts
QBE Insurance Group Ltd (QBEIF/QBEIF.PK) Wrap Up:
QBE Insurance Group Limited operates as an international general insurance and reinsurance group. It engages in underwriting general insurance and reinsurance risks, the management of Lloyd’s syndicates, and investment management. The company provides personal, commercial, and specialist insurance covers, including professional and general liability, marine, corporate property, and trade credit. It also covers other areas, including casualty, credit and surety, accident and health, motor and motor casualty, travel, householders, energy and aviation, workers’ compensation, engineering, financial and credit, public and product liability, professional indemnity, and property facultative and dir...QBE Insurance Group Ltd (QBEIF:OTC)
|
Market Cap
21.3B
|
Total Revenue
15.0B
|
|
|
EBITDA
2.7B
|
DILUTED EPS TTM
2.08
|
|
|
P/E
10.4x
|
P/S
1.3x
|
|
|
Return On Asset
4.14
|
Return On Equity
22.53
|
|
| K = Thousands M = Millions B = Billions | ||
QBEIF Top Compensated Officers
Executives, Board Directors
Key developments for QBE Insurance Group Ltd (QBEIF)
To make an update on market conditions and outlook has been released to the market
QBE Insurance Group Ltd. revised revenue guidance for the year 2009. The company has cut back its projected insurance revenue growth because its predominately overseas-based earnings have been adversely affected by the stronger Australian dollar. Gross written premium (GWP) is now expected to rise 10% to AUD 14.4 billion ($12.984 billion) in calendar 2009, rather than the previously forecast AUD 16.2 billion, from AUD 13.1 billion in 2008. The stronger Australian dollar was affecting top line revenue and net profit.
QBE Insurance Group Ltd. reported earnings results for the six months ended June 2009. The company reported that its profit increased by 19% to $1.02 billion in the six months to June 2009. The insurance profit margin was 17.5% in the first half and gross written premium increased 22% compared with a year earlier. The company provided earnings guidance for fiscal 2009. The company forecasts fiscal 2009 profit to be greater than for fiscal 2008. The company also forecast an insurance profit margin of between 16 and 18% for the full year and gross written premium to increase by more than 15%.
QBEIF Competitors
| Company | Last | Change |
| ACE Ltd | $49.73 USD | -0.55 |
| Hannover Rueckversicherungs | €32.12 EUR | -0.61 |
| National Australia Bank | A$28.69 AUD | -0.23 |
| Scor ES | €16.60 EUR | +0.28 |
| Suncorp-Metway Ltd | A$8.72 AUD | -0.08 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | QBEIF | Industry Range |
| Price/Earnings | 10.4x |
|
| Price/Sales | 1.3x |
|
| Price/Book | 2.2x |
|
| Price/Cash Flow | 11.9x |
|
| TEV/Sales | 1.1x |
|
|
QBEIF |
||
QBEIF transactions
| Type Date |
Target |
|
Private Placement
July 31, 2009 |
Elders Limited |
|
Merger/Acquisition
July 31, 2009 |
100% of Elders Insurance Ltd. and 75% of Elders Insurance Agencies Pty Ltd |