Suncorp
Suncorp Group Limited is an Australian finance, insurance, and banking corporation based in Brisbane, Queensland, Australia. In July 2022, it decided to sell of its banking business in New Zealand and Australia to shift focus to insurance.
See below for the Latest Suncorp News, Analysis, Profit Results, Share Price Information, and Commentary.
Suncorp retains stable outlook amidst earnings diversity concerns: S&P
Suncorp retains stable outlook amidst earnings diversity concerns: S&P
It plans to return $2.5b in excess capital from the bank sale to shareholders in 2025.
4 days ago
Suncorp partner with Duck Creek Technologies to digitalise operations
It aims to replace multiple on-premises legacy systems.
Suncorp Group's outlook challenged from higher risks, costs challenges
Despite this, SGL's prescribed capital amount coverage remains robust.
Suncorp’s full-year earnings climb 12% YoY
Its general insurance segment’s GWP increased by 14%.
Suncorp pivots to pure-play P&C insurance after divestments
Its FY 2024 P&C segment bagged $800m in net earnings.
Suncorp confirms FY 2025 reinsurance programme placement
The cost of the FY 2025 programme is expected to be similar to FY 2024.
Suncorp pivots to insurance industry after approval of bank sale
Post-acquisition, Suncorp aims to prioritise insurance needs.
Asteron's sale to Resolution Life signals support shift
Despite Asteron's sale, Suncorp's core operating subsidiaries remain unaffected.
Suncorp’s profits at risk, natural hazard costs and reinsurance expenses soar: Fitch Ratings
A modest decline in Suncorp's underwriting profitability is seen over the next 12 to 24 months.
Suncorp sells banking arm to focus on insurance
The banking business was sold for $3.33b.
Australia's Suncorp renews reinsurance programme for FY2022
The FY2022 reinsurance tower will grant Suncorp with $4.9b (A$6.5b) of protection.
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