QBE Insurance Group Limited Website

QBE Insurance Group Limited

ASX-QBE

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Premiums and Annuity Revenues

11,609

11,708

13,408

18,904

20,826

21,341

Total Interest And Dividend Income

1,036

226

122

264

790

884

Gain (Loss) on Sale of Investments, Total

—

—

—

—

—

—

Other Revenues, Total

—

—

—

—

—

—

—

—

74

62

62

Total Revenues

12,645

11,934

13,530

19,242

21,678

22,287

Total Revenues % Chg.

3.8%

-5.6%

13.4%

42.2%

12.7%

10.3%

Policy Benefits

8,102

8,374

8,512

17,933

19,323

19,384

Policy Acquisition / Underwriting Costs, Total

3,471

3,596

3,865

—

—

—

Amortization of Goodwill and Intangible Assets

55

28

19

16

11

5

Stock-Based Compensation

38

20

36

—

—

—

Other Operating Expenses

—

—

—

—

—

—

—

—

286

250

253

Total Operating Expenses

11,666

12,018

12,432

18,235

19,584

19,642

Operating Income

979

-84

1,098

1,007

2,094

2,645

Interest Expense, Total

-200

-188

-177

-166

-169

-166

Income (Loss) on Equity Invest.

—

—

-3

-5

-7

-7

-2

-3

Currency Exchange Gains (Loss)

—

—

—

—

—

—

Other Non Operating Income (Expenses)

—

—

—

-57

-64

-70

-79

-63

-63

EBT, Excl. Unusual Items

719

-341

844

755

1,860

2,413

Restructuring Charges

—

—

—

—

—

-43

-104

-72

-106

—

-75

Impairment of Goodwill

—

—

-390

—

—

—

—

Gain (Loss) on Sale of Assets

-8

-2

—

38

2

5

Asset Writedown

—

4

-48

-2

-11

-25

-39

Other Unusual Items

—

—

—

-587

143

—

—

—

EBT, Incl. Unusual Items

672

-1,472

913

676

1,837

2,304

Income Tax Expense

104

39

156

81

473

538

Earnings From Continuing Operations

568

-1,511

757

595

1,364

1,766

Earnings Of Discontinued Operations

—

—

—

-21

—

—

—

—

—

Minority Interest

—

3

-6

-7

-8

-9

-9

Net Income

550

-1,517

750

587

1,355

1,757

Preferred Dividend and Other Adjustments

—

—

—

—

—

—

25

50

50

50

50

Net Income to Common Incl Extra Items

550

-1,542

700

537

1,305

1,707

Net Income to Common Excl. Extra Items

571

-1,542

700

537

1,305

1,707

Total Shares Outstanding

1,305

1,471

1,477

1,485

1,494

1,502

Weighted Avg. Shares Outstanding

1,317

1,421

1,474

1,482

1,490

1,495

Weighted Avg. Shares Outstanding Dil

1,326

1,421

1,482

1,493

1,500

1,505.5

EPS

0.4

-1.1

0.5

0.4

0.9

1.1

EPS Diluted

0.4

-1.1

0.5

0.4

0.9

1.1

EBITDA

1,071

-20

1,153

1,053

2,139

2,698

Effective Tax Rate

15.5%

-2.6%

17.1%

12%

25.7%

23.4%