QBE Insurance Group Ltd 2024 AR2
The report highlights QBE Insurance Group's strong financial performance for the fiscal year ended December 31, 2024, delivering a statutory net profit after tax of $1,779 million and an adjusted return on equity of 18.2%. The company made significant progress on its strategic priorities, including the orderly closure of its North American middle-market business and the execution of a $1.6 billion reserve transaction to reduce volatility. In sustainability, QBE achieved its 2025 targets for climate solutions investments, reaching 6.0% of assets under management, and maintained 100% certified renewable electricity use across its offices. Additionally, the company progressed its customer-centric initiatives and modernized its business operations, particularly in the Australia Pacific division.
Company: QBE Insurance Group Ltd
Sector: Financials
Country: Australia
Year: 2024
Type: AR2
Pages: 168
QBE Insurance Group Ltd
Annual Report
The report highlights QBE Insurance Group's strong financial performance for the fiscal year ended December 31, 2024, delivering a statutory net profit after tax of $1,779 million and an adjusted return on equity of 18.2%. The company made significant progress on its strategic priorities, including the orderly closure of its North American middle-market business and the execution of a $1.6 billion reserve transaction to reduce volatility. In sustainability, QBE achieved its 2025 targets for climate solutions investments, reaching 6.0% of assets under management, and maintained 100% certified renewable electricity use across its offices. Additionally, the company progressed its customer-centric initiatives and modernized its business operations, particularly in the Australia Pacific division.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Feb 21, 2025
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Energy Consumption
Women on Board
Women in Management
Net Zero Target
Employees