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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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ASX 200 reporting season

Why did QBE shares fall despite a $1.02 billion profit?

QBE Insurance posts a $1.02 billion first-half profit, Block upgrades full-year forecast, and Nick Scali shares rise despite profit drop.

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This video was created on 8 August for IG audiences by ausbiz.

Key financial results 

QBE Insurance (ASX:QBE)

QBE Insurance shares fell nearly 8% despite a strong first-half net profit of $1.02 billion, up from USD 802 million a year ago. The result was driven by higher income from written policies and fewer claims.first-half (H1) result. 

Gross written premium grew 6% to $13.8 billion, with a combined operating ratio just under 93%, indicating underwriting profit. Return on equity was 19.2%. Catastrophe claims were $479 million, or 5.4% of revenue, in line with forecasts. QBE guided for mid-single-digit premium growth and declared a $0.31 interim dividend.

Block (ASX:XYZ)

The payments firm rose in extended Sydney trade after lifting its full-year 2025 gross profit forecast to $10.17 billion, up from just under $10 billion. Second-quarter (Q2) gross profit rose 14%, while Bitcoin revenue dropped to $2.14 billion.

Block noted continued essential spending amid weaker discretionary demand.

Nick Scali (ASX:NCK)

Nick Scali posted a 25% drop in full-year profit, with ANZ profit down 12% to A$73 million. Operating costs rose, including A$2.8 million in freight issues.

Despite United Kingdom (UK) losses continuing, the company expects stronger sales in the first quarter (Q1) 2026, supported by store growth. It declared a final dividend of A$0.33, down 9%. Full-year dividends fell 12% to A$0.60. Shares rose on the update.

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