QBE Insurance Group Limited (ASX:QBE)

QBE Insurance Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Premiums & Annuity Revenue	17,704	17,316	20,826	18,904	13,408
Total Interest & Dividend Income	922	851	790	264	122
Other Revenue	85	78	62	74	-
Total Revenue	18,711	18,245	21,678	19,242	13,530
Revenue Growth (YoY)	2.55%	-15.84%	12.66%	42.22%	13.37%
Policy Benefits	15,310	15,310	19,323	17,933	8,512
Policy Acquisition & Underwriting Costs	-	-	-	-	3,865
Amortization of Goodwill & Intangibles	-	4	11	16	19
Other Operating Expenses	301	311	250	286	-
Total Operating Expenses	15,611	15,625	19,584	18,235	12,432
Operating Income	3,100	2,620	2,094	1,007	1,098
Interest Expense	-181	-162	-169	-166	-177
Earnings From Equity Investments	-5	-6	-2	-7	-7
Other Non Operating Income (Expenses)	-73	-64	-63	-79	-70
EBT Excluding Unusual Items	2,841	2,388	1,860	755	844
Merger & Restructuring Charges	-	-85	-	-106	-72
Gain (Loss) on Sale of Assets	18	2	2	38	-
Asset Writedown	-14	-14	-25	-11	-2
Other Unusual Items	-	-	-	-	143
Pretax Income	2,845	2,291	1,837	676	913
Income Tax Expense	680	504	473	81	156
Earnings From Continuing Ops.	2,165	1,787	1,364	595	757
Net Income to Company	2,165	1,787	1,364	595	757
Minority Interest in Earnings	-8	-8	-9	-8	-7
Net Income	2,157	1,779	1,355	587	750
Preferred Dividends & Other Adjustments	25	50	50	50	50
Net Income to Common	2,132	1,729	1,305	537	700
Net Income Growth	21.25%	31.29%	130.83%	-21.73%	-
Shares Outstanding (Basic)	1,509	1,501	1,490	1,482	1,474
Shares Outstanding (Diluted)	1,523	1,514	1,500	1,493	1,482
Shares Change (YoY)	0.59%	0.93%	0.47%	0.74%	4.29%
EPS (Basic)	1.41	1.15	0.88	0.36	0.47
EPS (Diluted)	1.40	1.14	0.87	0.36	0.47
EPS Growth	22.59%	31.26%	141.67%	-23.73%	-
Free Cash Flow	4,201	2,548	1,480	2,800	2,725
Free Cash Flow Per Share	2.76	1.68	0.99	1.88	1.84
Dividend Per Share	0.727	0.538	0.423	0.265	0.218
Dividend Growth	35.04%	27.39%	59.44%	21.52%	606.87%
Operating Margin	16.57%	14.36%	9.66%	5.23%	8.12%
Profit Margin	11.39%	9.48%	6.02%	2.79%	5.17%
Free Cash Flow Margin	22.45%	13.96%	6.83%	14.55%	20.14%
EBITDA	3,132	2,656	2,139	1,053	1,153
EBITDA Margin	16.74%	14.56%	9.87%	5.47%	8.52%
D&A For EBITDA	32	36	45	46	55
EBIT	3,100	2,620	2,094	1,007	1,098
EBIT Margin	16.57%	14.36%	9.66%	5.23%	8.12%
Effective Tax Rate	23.90%	22.00%	25.75%	11.98%	17.09%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.