QBE Insurance Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

QBE Insurance Group (ASX:QBE) Full Year 2024 Results

Key Financial Results

• Revenue: US$22.7b (up 4.9% from FY 2023).
• Net income: US$1.78b (up 36% from FY 2023).
• Profit margin: 7.8% (up from 6.0% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.15 (up from US$0.88 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

QBE Insurance Group Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Insurance industry in Australia are expected to remain flat.

Performance of the Australian Insurance industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for QBE Insurance Group that you need to be mindful of.

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