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Suncorp Group Limited (SUN.AX)

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20.11

-0.20

(-0.98%)

At close: February 28 at 4:10:35 PM GMT+11

Australian insurance stocks slide after opposition leader's breakup threat

Australian insurance companies fell sharply on Monday after opposition leader Peter Dutton threatened to break them up, accusing them of exploiting customers, as the country prepares for federal elections due by May. In an interview with Sky News, Dutton, leader of the Liberal Party, said that if elected in the federal election, his government would scrutinise insurance industry practices. "In the insurance market, we will intervene to make sure that consumers get a fair go because at the moment people are paying too much for their insurance and what's resulting is that people aren't taking out insurance," Dutton said in the broadcast on Sunday.

Reuters 12 days ago

SNMCY

IAUGY
Suncorp Group First Half 2025 Earnings: Beats Expectations

Suncorp Group ( ASX:SUN ) First Half 2025 Results Key Financial Results Revenue: AU$7.35b (up 15% from 1H 2024). Net...

Simply Wall St. 15 days ago

SNMCY

SNMYF
Is Now The Time To Put Suncorp Group (ASX:SUN) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...

Simply Wall St. 16 days ago

SNMCY

SNMYF
Suncorp Group Ltd (SNMCY) (H1 2025) Earnings Call Highlights: Strong Profit Surge and Strategic ...

Suncorp Group Ltd (SNMCY) reports an 89% net profit increase, driven by strategic gains and robust business performance.

GuruFocus.com 17 days ago

SNMCY
Suncorp finalises sale of Asteron Life to Resolution Life

Asteron Life will retain its brand, continuing to operate as an independent, New Zealand-licensed life insurance entity.

Life Insurance International 26 days ago

SNMCY
Suncorp Group Limited's (ASX:SUN) Stock Financial Prospects Look Bleak: Should Shareholders Be Prepared For A Share Price Correction?

Suncorp Group's (ASX:SUN) stock is up by 8.0% over the past three months. However, in this article, we decided to focus...

Simply Wall St. last month

SNMCY

SNMYF
Duck Creek, Suncorp partner on cloud-based insurance solutions

The project will also help Suncorp increase automation, eliminate manual processes and bolster data-driven decision-making.

Life Insurance International 2 months ago

SNMCY
ANZ Group flags around $130 million profit hit from Suncorp deal

The hit to profit will result in a 2 basis point reduction to its level 2 common equity tier 1 capital - a measure of its spare cash - in its second half results. The lender completed the $3.3 billion acquisition of insurer Suncorp's banking business earlier this year after receiving approval from the Australia's Federal Treasurer. ANZ is expected to report its full-year results on November 8.

Reuters 4 months ago

SNMCY
Those who invested in Suncorp Group (ASX:SUN) three years ago are up 64%

By buying an index fund, investors can approximate the average market return. But if you pick the right individual...

Simply Wall St. 4 months ago

SNMCY

SNMYF
Suncorp Group Limited's (ASX:SUN) largest shareholders are individual investors with 60% ownership, institutions own 40%

Key Insights The considerable ownership by individual investors in Suncorp Group indicates that they collectively have...

Simply Wall St. 5 months ago

SNMCY

SNMYF
Suncorp Group (ASX:SUN) Will Pay A Larger Dividend Than Last Year At A$0.44

Suncorp Group Limited ( ASX:SUN ) has announced that it will be increasing its dividend from last year's comparable...

Simply Wall St. 6 months ago

SNMCY

SNMYF
Suncorp Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Suncorp Group ( ASX:SUN ) Full Year 2024 Results Key Financial Results Revenue: AU$13.1b (down 28% from FY 2023). Net...

Simply Wall St. 6 months ago

SNMCY

SNMYF
Suncorp posts higher cash earnings, sees slowdown in gross written premiums

Suncorp expects the general insurance gross written premium growth to be in the mid- to high-single digits for the current fiscal year, largely in line with a Visible Alpha consensus estimate of a 7% increase. The company's general insurance gross written premiums rose 14% to A$14.1 billion ($9.42 billion) in fiscal 2024, with price increases offsetting natural hazard and higher reinsurance costs. Suncorp recorded cash earnings of A$1.37 billion for the full year ended June 30, 2024, higher than the A$1.18 billion logged in the prior year.

Reuters 6 months ago

SNMCY
Should You Be Concerned About Suncorp Group Limited's (ASX:SUN) ROE?

Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

Simply Wall St. 6 months ago

SNMCY

SNMYF
Australia approves ANZ's $3.3 billion buyout of Suncorp Bank

Australia on Friday gave the go-ahead for ANZ Group's A$4.9 billion ($3.26 billion) buyout of Suncorp's banking business, clearing the deal to proceed after almost two years of scrutiny by financial regulators and treasury. Treasurer Jim Chalmers said the deal can proceed subject to enforceable conditions and had come after careful consideration, and consultation with treasury, regulators and the unions. "Following this lengthy and robust process, I received clear advice ... that it would not be in the national interest to prohibit this transaction," Chalmers said in a statement.

Reuters 7 months ago

SNMCY
Do Suncorp Group's (ASX:SUN) Earnings Warrant Your Attention?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Simply Wall St. 8 months ago

SNMCY

SNMYF
Australia's Suncorp to sell NZ life insurance business for $246 million, shares rise

Shares of Suncorp, which had gained a little more than 18% this year by last close, rose as much as 1.6% to A$16.615 as of 0033 GMT, hitting their highest since December 2007, while the broader market was up 0.5%. "The transaction continues the reshaping of the Suncorp Group, and positions both the general and life insurance businesses for ongoing growth and success," Suncorp CEO Steve Johnston said in a statement. Analysts at UBS said they believe the New Zealand life insurance unit, Asteron Life, was not core to the group and the divestment is "strategically attractive", allowing Suncorp to focus on its more attractive general insurance (GI) operations.

Reuters 10 months ago

SNMCY
20 Biggest Financial and Banking Companies in Australia, 2024

In this article, we will look into the 20 biggest financial and banking companies in Australia in 2024. If you want to skip our detailed analysis, you can go directly to the 5 Biggest Financial and Banking Companies in Australia, 2024. Australian Economy and the Financial Sector According to the IMF, Australia boasts a GDP […]

Insider Monkey 10 months ago

SOL.AX

BXRBF

SNMCY
Suncorp Group (ASX:SUN) jumps 3.2% this week, though earnings growth is still tracking behind three-year shareholder returns

One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks...

Simply Wall St. 11 months ago

SNMCY

Performance Overview

Return	SUN.AX	S&P/ASX 200 [XJO]
YTD	-8.08%	+0.16%
1-Year	+17.32%	+6.68%
3-Year	+78.34%	+15.94%

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Suncorp Group Limited (SUN.AX)

Australian insurance stocks slide after opposition leader's breakup threat

Suncorp Group First Half 2025 Earnings: Beats Expectations

Is Now The Time To Put Suncorp Group (ASX:SUN) On Your Watchlist?

Suncorp Group Ltd (SNMCY) (H1 2025) Earnings Call Highlights: Strong Profit Surge and Strategic ...

Suncorp finalises sale of Asteron Life to Resolution Life

Suncorp Group Limited's (ASX:SUN) Stock Financial Prospects Look Bleak: Should Shareholders Be Prepared For A Share Price Correction?

Duck Creek, Suncorp partner on cloud-based insurance solutions

ANZ Group flags around $130 million profit hit from Suncorp deal

Those who invested in Suncorp Group (ASX:SUN) three years ago are up 64%

Suncorp Group Limited's (ASX:SUN) largest shareholders are individual investors with 60% ownership, institutions own 40%

Suncorp Group (ASX:SUN) Will Pay A Larger Dividend Than Last Year At A$0.44

Suncorp Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Suncorp posts higher cash earnings, sees slowdown in gross written premiums

Should You Be Concerned About Suncorp Group Limited's (ASX:SUN) ROE?

Australia approves ANZ's $3.3 billion buyout of Suncorp Bank

Do Suncorp Group's (ASX:SUN) Earnings Warrant Your Attention?

Australia's Suncorp to sell NZ life insurance business for $246 million, shares rise

20 Biggest Financial and Banking Companies in Australia, 2024

Suncorp Group (ASX:SUN) jumps 3.2% this week, though earnings growth is still tracking behind three-year shareholder returns

Performance Overview