QBE Insurance Group Limited

Type: Public
On the web: http://www.qbe.com
Employees: 7,900
Employee growth: 1.3%

QBE Insurance Group may be one of Australia's leading insurers, but it also has a hefty global reach. The company offers a variety of general insurance and reinsurance through offices in more than three dozen countries. Property insurance accounts for about a third of the company's premiums, with liability and automobile insurance making up the next two largest segments. Other policies include marine and aviation, catastrophe, workers' compensation, and professional indemnity. The company writes both individual and commercial coverage and also writes reinsurance. QBE Insurance Group earns about two-thirds of its revenue outside of Australia.

Key numbers for fiscal year ending December, 2006:
Sales: $9,595.6M
One year growth: 5.8%
Net income: $1,796.8M
Income growth: 128.0%

Officers:
Chairman: E. John Cloney
CEO and Director: Frank O'Halloran
COO: Vince McLenaghan

Competitors:
AEGON
AXA
ING

QBE Insurance Group Limited
Type	Public ASX: QBE
Founded	1973
Headquarters	Sydney,  Australia
Key people	Mr John Cloney (Chairman, Director) Mr Francis M O'Halloran (Director, CEO)
Industry	Insurance
Products	General and reinsurance services
Employees	7,900 at 27 Feb 2007
Website	www.qbe.com

QBE Insurance Group Limited ASX: QBE is an Australian based general insurance provider, providing insurance services mainly to the Asia Pacific region, but also America and Europe. It has offices in 44 countries.

One of the largest companies in Australia, QBE has market capitalisation of AU$27billion, and represents 2.22% of the ASX 200 index. The company reported a 2006 profit of $1.483billion. [1]

QBE was listed on the Australian Stock Exchange in 1973 from the merger of Queensland Insurance, Bankers' and Traders' Insurance Company, and The Equitable Probate and General Insurance Co. [2]

Since then, QBE has continued to acquire many companies. For example in February 2007, it acquired Mexican insurer Seguros Cumbre SA de CV, whose net tangible assets were estimated at $26million. QBE Insurance is also known for its sponsorship of sports teams, including the Sydney Swans of the Australian Football League and the Perth Glory of the Hyundai A-League, and provincial New Zealand Rugby team, North Harbour. [3]

External links

• Official Website
• Google Finance entry

S&P/ASX 50 companies of Australia

AGL Energy Limited · Alumina Limited · Amcor Limited · AMP Limited · Aristocrat Leisure Limited · Asciano Limited · ASX Limited · Australia and New Zealand Banking Group · AXA Asia Pacific Holdings Limited · BHP Billiton Limited · Bluescope Steel Limited · Brambles Industries Limited · Centro Properties Group · Coles Group Limited · Commonwealth Bank of Australia · CSL Limited · Fairfax Media Limited · Foster's Group Limited · Goodman Group · GPT Group · Insurance Australia Group Limited · Lend Lease Corporation Limited · Macquarie Airports · Macquarie Bank Limited · Macquarie Infrastructure Group · Mirvac Group · National Australia Bank Limited · Newcrest Mining Limited · News Corporation · Orica Limited · Origin Energy Limited · Publishing & Broadcasting Limited · Qantas Airways Limited · QBE Insurance Group Limited · Rio Tinto Limited · Santos Limited · St George Bank Limited · Stockland · Suncorp-Metway Limited · Tabcorp Holdings Limited · Telecom Corporation Of New Zealand Limited · Telstra (Installment Receipts) · Telstra Corporation Limited · Toll Holdings Limited · Transurban Group · Wesfarmers Limited · Westfield Group · Westpac Banking Corporation · Woodside Petroleum Limited · Woolworths Limited · Zinifex

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