QBE continues share buy-back as employee rights lapse

QBE Insurance Group Limited has announced updates to its on-market buy-back program between December 17-22, 2025. The company intends to buy back a maximum of A$450 million of its fully paid ordinary shares, with the program having commenced on December 12, 2025, and scheduled to end on December 11, 2026. JP Morgan Securities Australia Limited is the broker facilitating these transactions.

Over the period from December 17 to December 19, 2025, QBE bought back 462,163, 364,944, and 755,857 shares respectively. The total consideration paid for these shares was AUD 9,011,993.63, AUD 7,127,940.23, and AUD 14,935,809.91.

Concurrently, on December 18, 2025, QBE notified the cessation of 921,981 Employee Conditional Rights, which lapsed on December 12, 2025. These rights lapsed because their conditions were not met or became incapable of being satisfied, with no consideration paid by the entity for their cessation. Following these changes, the total number of ordinary fully paid shares remains at 1,510,196,921, while unquoted employee conditional rights are now 18,410,084.