QBE Insurance Group (ASX:QBE) Selling, General, & Admin. Expense: A$5,413 Mil (TTM As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:QBE QBE Insurance Group Ltd ASX:QBE
72 GF Score
Price A$25.59
GF Value A$20.36
Valuation Modestly Overvalued
! 6 Warning Signs
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What is QBE Insurance Group Selling, General, & Admin. Expense?

QBE Insurance Group ASX:QBE +0.27% 72 Selling, General, & Admin. Expense is A$5,413 Mil as of Dec. 2025. GuruFocus rates ASX:QBE with a GF Score™ of 72/100 and a GF Value™ of A$20.36 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. QBE Insurance Group's selling, general, & admin. expense for the six months ended in Dec. 2025 was A$2,599 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was A$5,413 Mil.


QBE Insurance Group  (ASX:QBE) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


QBE Insurance Group Selling, General, & Admin. Expense Related Terms


QBE Insurance Group Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for QBE Insurance Group's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

QBE Insurance Group Selling, General, & Admin. Expense Chart

QBE Insurance Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 4,562.68 4,400.67 5,356.30

QBE Insurance Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,826.65 1,808.71 2,504.29 2,813.95 2,599.14

ASX:QBE vs CB, PGR, TRV: Selling, General, & Admin. Expense Comparison

For the Insurance - Property & Casualty subindustry, QBE Insurance Group's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


QBE Insurance Group Selling, General, & Admin. Expense vs Insurance Industry

For the Insurance industry and Financial Services sector, QBE Insurance Group's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where QBE Insurance Group's Selling, General, & Admin. Expense falls into.


ASX:QBE
72GF Score
QBE Insurance Group Ltd ASX:QBE
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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QBE Insurance Group Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$5,413 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of A$5,413 Mil mean?
QBE Insurance Group (ASX:QBE) has a Selling, General, & Admin. Expense of A$5,413 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on QBE Insurance Group and its competitors.
Is QBE Insurance Group's Selling, General, & Admin. Expense too high?
QBE Insurance Group's current Selling, General, & Admin. Expense is A$5,413 Mil. Overall, QBE Insurance Group has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does QBE Insurance Group's Selling, General, & Admin. Expense compare to CB and PGR?
QBE Insurance Group's Selling, General, & Admin. Expense of A$5,413 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for an Insurance company?
A good Selling, General, & Admin. Expense depends on the Insurance industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on QBE Insurance Group and its competitors. QBE Insurance Group's current Selling, General, & Admin. Expense is A$5,413 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QBE Insurance Group stock overvalued right now?
Based on GuruFocus' analysis, QBE Insurance Group (ASX:QBE) is currently considered Modestly Overvalued. The stock's GF Value™ is A$20.36, compared to a current price of A$25.59 — trading 25.7% above its estimated fair value. The current Selling, General, & Admin. Expense is A$5,413 Mil. QBE Insurance Group's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For QBE Insurance Group (ASX:QBE), the current Selling, General, & Admin. Expense is A$5,413 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is QBE Insurance Group (ASX:QBE) Overvalued in 2026?

Based on GuruFocus' analysis, QBE Insurance Group stock appears to be overvalued. The current stock price of A$25.59 is trading 25.7% above its estimated GF Value™ of A$20.36. GuruFocus considers QBE Insurance Group to be Modestly Overvalued.

Key valuation signals for ASX:QBE:

  • Selling, General, & Admin. Expense: A$5,413 Mil
  • GF Value™: A$20.36 vs. price of A$25.59 (25.7% above fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the ASX:QBE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


QBE Insurance Group Business Description

Address 388 George Street, Level 18, Sydney, NSW, AUS, 2000
QBE Insurance is an international property and casualty insurance company. QBE Insurance offers a number of personal, commercial, and specialty lines, including property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health.
72GF Score

Get the complete analysis for ASX:QBE

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$25.59
Price
A$20.36
GF Value