QBE Insurance Faces Market Challenges as Premium Growth Slows
QBE Insurance Faces Market Challenges as Premium Growth Slows
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QBE Insurance Group, Australia's largest insurer by market value, has recently experienced a notable decline in its share price, reaching a seven-month low.
This downturn is primarily attributed to a slowdown in the company's premium rate growth during the third quarter of fiscal 2025.
While gross written premiums rose 6% to $18.6 billion in the first nine months—matching the first-half growth—momentum slowed in Q3, particularly in business property insurance. The group premium rate increase of 1.5% year-to-date was below earlier performance. Despite announcing a A$450 million share buyback plan, investor concerns persisted, making QBE one of the ASX 200's worst-performing stocks on the day.
Investment specialist Greg Smith attributed the market reaction to the deceleration in premium increases. The insurer maintained its forecast for a combined operating ratio of around 92.5% for fiscal 2026, indicating continued underwriting profitability. Meanwhile, rival Suncorp's shares also dropped over 3% following an estimated A$350 million net cost from severe storms in Queensland and northern New South Wales.
For tradespeople and small business owners in the trades sector, these developments highlight the importance of staying informed about the financial health and performance of their insurance providers. A slowdown in premium growth could impact the availability and pricing of insurance products, making it essential for policyholders to regularly review their coverage and ensure it aligns with their specific trade requirements and risk exposures.
Published:Monday, 8th Dec 2025 Source: Paige Estritori
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Knowledgebase
Premium: The amount paid for an insurance policy, usually on a regular basis, to maintain coverage.
