QBE Insurance Group (QBE) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional custodians and confirmation of quorum.

• Notice of meeting and minutes of previous AGM were confirmed as available.

• Voting procedures and protocols for questions were outlined, including hybrid participation.

Financial performance review

• Statutory profit after tax for 2025 was $2.157 billion, a 21% increase from the prior year.

• Gross written premium grew by 7% in 2025, with a combined operating ratio of 91.9% and adjusted return on equity at 19.8% for FY25.

• Final dividend of AUD 0.78 per share declared, with a full-year payout of AUD 1.09 per share.

• AUD 450 million on-market buyback completed, with total shareholder distributions at 65% of annual profits.

• Investment income for the first four months of 2026 was around $300M–$500M, with a core fixed income yield of 4.1%.

Board and executive committee updates

• Chris Killourhy appointed as Group CFO in January 2026.

• Board renewal included welcoming Neil Maidment and the retirement of Kathy Lisson.

• Chair transition from Mike Wilkins to Yasmin Allen, with Wilkins expressing confidence in Allen's leadership.