• QBE delivered strong performance in 2024, with statutory net profit after tax of $1.779 billion
• Continued progress on strategic priorities, including portfolio optimization and modernization
• Commitment to sustainability and gender equality, with 40.8% women in leadership roles

QBE Insurance Group Ltd held its 2025 Annual General Meeting, where the Chairman and Group CEO provided updates on the company's performance and strategic progress. QBE delivered a strong 2024, with a statutory net profit after tax of $1.779 billion, a 31% improvement over the previous year. The company's capital position and balance sheet remain strong, enabling the Board to declare the highest dividend during the Chairman's tenure. QBE continued to execute well against its strategic priorities, including portfolio optimization and modernization efforts, which have resulted in greater resilience and more sustainable returns. The company also made important progress on its sustainability agenda, including preparing for new climate reporting requirements and achieving its 2025 target of 40% women in leadership roles two years early. The Group CEO provided a Q1 2025 performance update, highlighting strong premium growth, resilient underwriting performance, and a focus on managing emerging inflationary pressures. Looking ahead, QBE remains confident in its ability to deliver long-term value for shareholders, supported by its purpose-driven culture and the dedication of its global workforce.

QBE reiterated its full-year 2025 Group combined operating ratio outlook of around 92.5%, reflecting the company's resilient underwriting performance despite a challenging catastrophe environment in the first four months of the year.