Suncorp Group ( (AU:SUN) ) has provided an update.
Suncorp Group has reported significant natural hazard costs amounting to $1,115 million for the ten months ending April 2025, following 15 major weather events. Despite these challenges, Suncorp’s capital position remains strong, with plans to consider capital management initiatives later in the year. The company is also enhancing its disaster response capabilities through investments in its Disaster Management Centre, which was effectively utilized during ex-Tropical Cyclone Alfred. Additionally, Suncorp has announced the appointment of Matt Leslie as the new Company Secretary, succeeding Darren Solomon.
More about Suncorp Group
Suncorp Group is a major financial services company based in Australia, operating primarily in the insurance and banking sectors. The company focuses on providing a range of financial products and services, including general insurance, banking, and wealth management solutions, catering to both individual and business clients.
Average Trading Volume: 2,882,700
Technical Sentiment Signal: Buy
Current Market Cap: A$22.04B
Learn more about SUN stock on TipRanks’ Stock Analysis page.