QBE GROUP SHARED SERVICES LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Group structure

1. QBE GROUP SHARED SERVICES LIMITED · parent
   1. QBE Management Services (Philippines) Pty. Ltd. 100% · Australia · Service company

Significant events

• “On modernisation, 191 continuous improvement projects have been completed, resulting in 125 Full-Time Equivalent (FTE) efficiencies delivered. These efforts have led to 6.9 million reduced customer touchpoints and 256k hours saved through process streamlining and automation initiatives, saving £2.6 million in annual costs for the firm.”
• “QBE Group is managing climate-risk by focusing on the following areas: Building resilience for our customers and communities; Investing towards a net-zero economy; Strategically integrating climate change risks and opportunities; Aligning our business operations and people to reduce our footprint and support climate action; and Being transparent about our governance and performance.”
• “During 2024 the Company undertook a number of activities to improve energy efficiency and continues to evaluate the footprint requirements of its offices in order to identify any opportunities to further reduce its GHG emissions.”
• “Building on the successes of 2023, where QGSSL implemented key initiatives to bolster its operational resilience, the organization has continued to enhance its Business Continuity Management (BCM) programs and capabilities in 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +3.6%

  £48,247,000 → £49,972,000

• Cash

  +31.6%

  £11,126,000 → £14,647,000

• Net assets

  +21.4%

  £11,240,000 → £13,641,000

• Employees

  +1.5%

  2,349 → 2,385

• Operating profit

  +3.5%

  £5,319,000 → £5,504,000

• Profit before tax

  +4.4%

  £5,423,000 → £5,660,000

• Wages

  +1.9%

  £19,762,000 → £20,134,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers