The Business Times

Suncorp

Companies & Markets

Suncorp beats first-half cash earnings consensus estimate, declares special dividend

AUSTRALIAN insurer Suncorp Group reported a 30 per cent rise in its first-half cash earnings on Wednesday, beating consensus estimates, as favourable weather conditions led to lower natural hazard cos...

The hit to ANZ Group's 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.
Banking & Finance

ANZ Group flags around A$196 million profit hit from Suncorp deal

AUSTRALIAN lender ANZ Group said on Monday its 2024 second half profit will take a A$196 million (S$172 million) hit after taxes due to impacts from the acquisition of Suncorp’s banking business.

Suncorp, Australia's second-biggest insurer by market value recorded cash earnings of A$1.37 billion (S$1.2 million) for the full year ended June 30, as compared with A$1.18 billion the prior year.
Banking & Finance

Australian insurer Suncorp forecasts slower total premium growth in fiscal 2025

AUSTRALIAN insurer Suncorp on Monday (Aug 19) forecast slower growth in gross written premiums for fiscal 2025 as premium rates moderate and inflation eases, after posting a 17 per cent rise in its fi...

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