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Suncorp Group Announces Business Interruption Insurance Update
Australia's APRA Consults On Implementation Of AASB 17 For Insurance Capital And Reporting
Suncorp Says COVID-19 Impact On Its General Insurance Portfolio For H1 To Be Broadly Neutral
Suncorp Group Ltd is an Australia-based company that provides financial services in Australia and New Zealand. The Company’s segments include Insurance, Banking & Wealth and Suncorp New Zealand. Insurance segment designs, manufactures and provides general insurance products and services to customers in Australia and its products include home and contents, motor, marine, travel, commercial property, industrial special risk, loan protection, equity and cash benefit. Banking & Wealth segment is engaged in the design, manufacture and delivery of banking, financial planning, and superannuation and fund administration services to customers in Australia and its products include commercial, agribusiness, small business, home and personal loans, treasury products and services, superannuation, funds administration services and financial planning. Suncorp New Zealand is engaged in the design, manufacture and delivery of general and life insurance products to customers in New Zealand.
Insurance (Prop. & Casualty)
Level 28,266 George Street
Christine F. McLoughlin
Non-Executive Independent Chairman of the Board
Chief Executive Officer, Managing Director, Executive Director
Group Chief Financial Officer
Chief Executive Officer Insurance Product & Portfolio and Chief Customer and Digital Officer
Chief Executive Officer of Suncorp New Zealand
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Australia's prudential regulator said on Thursday said it has imposed new licensing conditions on the pension units of Commonwealth Bank of Australia and Suncorp Group following directions by a government-ordered enquiry.
Insurer Suncorp Group Ltd <SUN.AX> on Wednesday forecast higher natural hazard costs for the year through June 2021 than a year earlier when bushfires ravaged Australia, and said the COVID-19 pandemic was likely neutral for earnings in the just-ended year.
Australia's Suncorp Group Ltd said on Wednesday it had set aside A$90 million to A$130 million ($62 million-$90 million) more for natural hazard costs in 2020/21 than last year, when bushfires ravaged large parts of the country.
* FY21 NATURAL HAZARD ALLOWANCE IS EXPECTED TO INCREASE BY $90 MILLION TO $130 MILLION
* Fixing and reimbursing worker underpayment to cost up to A$70mln
* PRELIMINARY ANALYSIS OF HISTORICAL DATA HAS IDENTIFIED INCONSISTENCIES ON GROUP'S ROSTERING & PAY SYSTEMS
* FY20 GROUP COSTS TO BE SLIGHTLY ABOVE $2.7 BILLION INCLUDING PAY AND LEAVE ENTITLEMENTS REMEDIATION
* SUNCORP- EXPECT A MODEST DRAG ON GROSS WRITTEN PREMIUM GROWTH IN FY20 AS A RESULT OF TAKE-UP OF HARDSHIP RELIEF OPTIONS
Australian insurer Suncorp Group said on Monday it expects gross written premiums to be negatively impacted in fiscal 2020 as the coronavirus pandemic wreaks havoc on economic activity.
* DARREN ABBRUZZESE, WILL ACT AS CHIEF INFORMATION OFFICER UNTILL PERMANENT REPLACEMENT Source text for Eikon: Further company coverage:
* H1 REVENUE FROM ORDINARY ACTIVITIES $7,054 MILLION, DOWN 6.06%
* TARGETING AT LEAST FLAT UNIT GROWTH IN AUSTRALIAN CONSUMER INSURANCE FOR FULL YEAR
Australian insurer Suncorp Group Ltd said on Tuesday its first-half underlying profit dipped 6%, hurt by weaker performance of its insurance business owing to higher natural hazard costs.
Australia's Suncorp Group Ltd on Tuesday said its first-half net profit more than doubled, helped by the sale of its units and a strong reinsurance programme.
Australia's Suncorp Group <SUN.AX> said on Thursday that costs from the devastating bushfires, hailstorms and heavy rainfall across the country will likely be capped at A$300 million ($205 million) and stay within its full-year provision.
Australia's Suncorp Group said on Thursday that costs from the devastating bushfires, hailstorms and heavy rainfall across the country will likely be capped at A$300 million ($205 million) and stay within its full-year provision.
Australian insurer Suncorp Group <SUN.AX> said on Thursday it has received since September 2,600 bushfire-related claims worth up to A$345 million ($237.05 million), of which nearly a third was recorded in the first few days of the month. Suncorp on Thursday joined its larger...
* Shares gain slightly after the announcement (Recasts text, adds analyst comment, and background)
Australian insurer Suncorp Group Ltd on Thursday said it has received more than 2,600 bushfire-related claims since September with a total estimated cost of between A$315 million to A$345 million ($216.37 million to $236.98 million). ($1 = 1.4558 Australian dollars) (Reporting...
Australian insurer Suncorp Group Ltd <SUN.AX> said it will sell its vehicle repair business for A$420 million ($283.5 million) as it seeks to focus on its core insurance and banking operations after disappointing results in recent times.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.