QBE Insurance Group Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	27,015	21,800	19,776	19,748	21,829
Investments in Equity & Preferred Securities	930	872	513	426	113
Other Investments	5,506	5,565	7,362	6,367	5,910
Total Investments	33,468	28,269	27,706	26,607	27,902
Cash & Equivalents	1,589	1,349	1,093	636	620
Reinsurance Recoverable	8,640	9,438	8,034	7,144	8,875
Other Receivables	989	556	549	468	4,997
Deferred Policy Acquisition Cost	-	-	-	-	415
Property, Plant & Equipment	283	289	383	427	483
Goodwill	1,579	1,470	1,596	1,578	2,016
Other Intangible Assets	439	414	435	364	347
Restricted Cash	280	289	273	197	199
Other Current Assets	657	1,049	1,292	1,043	466
Long-Term Deferred Tax Assets	470	609	625	613	521
Long-Term Deferred Charges	86	80	81	76	2,368
Other Long-Term Assets	55	34	41	48	94
Total Assets	48,535	43,846	42,108	39,201	49,303
Accounts Payable	-	-	-	-	2,123
Insurance & Annuity Liabilities	31,259	28,735	27,490	26,148	-
Unpaid Claims	-	-	-	-	24,282
Unearned Premiums	-	-	-	-	8,637
Current Portion of Long-Term Debt	857	300	699	406	442
Current Portion of Leases	57	53	59	49	56
Current Income Taxes Payable	103	46	127	39	24
Long-Term Debt	2,843	2,364	2,099	2,338	2,826
Long-Term Leases	173	178	230	252	298
Long-Term Deferred Tax Liabilities	625	506	366	149	31
Other Current Liabilities	763	742	772	590	967
Other Long-Term Liabilities	161	170	213	347	706
Total Liabilities	36,862	33,115	32,078	30,344	40,421
Common Stock	8,424	7,824	8,495	8,356	8,891
Retained Earnings	4,169	2,945	1,922	977	714
Treasury Stock	-16	-2	-3	-1	-2
Comprehensive Income & Other	-906	-39	-387	-477	-722
Total Common Equity	11,671	10,728	10,027	8,855	8,881
Minority Interest	2	3	3	2	1
Shareholders' Equity	11,673	10,731	10,030	8,857	8,882
Total Liabilities & Equity	48,535	43,846	42,108	39,201	49,303
Filing Date Shares Outstanding	1,506	1,505	1,494	1,485	1,477
Total Common Shares Outstanding	1,506	1,505	1,494	1,485	1,477
Total Debt	3,930	2,895	3,087	3,045	3,622
Net Cash (Debt)	-2,341	-1,546	-1,994	-2,409	-3,002
Net Cash Per Share	-1.54	-1.02	-1.33	-1.61	-2.03
Book Value Per Share	7.75	7.13	6.71	5.96	6.01
Tangible Book Value	9,653	8,844	7,996	6,913	6,518
Tangible Book Value Per Share	6.41	5.87	5.35	4.66	4.41

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.