Want to see AU:SUN full AI Analyst Report?
Top Page
Suncorp Group
(Sydney:SUN)
Select Model
Select Model
Rating:67Neutral
Price Target:
AU$21.00
▲(8.42% Upside)
Action:Reiterated
Date:08/26/26
The score is anchored by steady but recently weakening financial performance (margin compression and volatile free cash flow), offset by a currently healthier leverage position. Technicals are supportive with price above major moving averages, though momentum is only moderately positive. Valuation is fair with a moderate dividend yield. The latest earnings call adds upside via constructive FY27 guidance, reinsurance de-risking, and announced capital returns, partially tempered by natural-hazard and competitive headwinds.
Positive Factors
Resilient underwriting profitability
Sustained underlying earnings growth and an ITR near the top of management’s target range indicate durable underwriting discipline. This supports earnings quality despite weather-related claims and investment-market volatility.
Negative Factors
Persistent natural hazard and claims inflation
Repeated severe weather losses and mid-single-digit claims inflation in Home and Motor can structurally pressure claims ratios. Reinsurance reduces tail risk, but higher repair, water damage and catastrophe costs may still constrain margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient underwriting profitability
Sustained underlying earnings growth and an ITR near the top of management’s target range indicate durable underwriting discipline. This supports earnings quality despite weather-related claims and investment-market volatility.
Read all positive factors
Suncorp Group (SUN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.98B
Dividend Yield3.6%
Average Volume (3M)3.24M
Price to Earnings (P/E)19.2
Beta (1Y)0.26
Revenue Growth-2.94%
EPS Growth-31.48%
CountryAU
Employees11,500
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)0.96
Shares Outstanding1,060,051,400
10 Day Avg. Volume3,292,676
30 Day Avg. Volume3,239,144
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)2.00
Price to Sales (P/S)1.27
P/FCF Ratio13.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$19.98Price Target Upside3.14% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)1.18
Revenue Forecast (FY)AU$14.44B
Suncorp Group Business Overview & Revenue Model
Company Description
Suncorp Group Limited, an entity established in 1902 and headquartered in Brisbane, Australia, offers a comprehensive range of insurance and banking solutions to individual consumers, businesses, and institutional clients across both Australia and...
How the Company Makes Money
Suncorp primarily makes money from its general insurance business. Key revenue and earnings drivers include: (1) Insurance premiums: The largest source of operating revenue comes from premiums paid by customers for coverage across personal lines (...
Suncorp Group Earnings Call Summary
Earnings Call Date:Aug 11, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 17, 2027
Earnings Call Sentiment Positive
The call presents a broadly positive operational and financial picture: underlying earnings grew 4.5%, margins remain at the top end of target (11.8% ITR), expenses improved, and management has strengthened earnings resilience via a 5‑year aggregate reinsurance program while returning substantial capital to shareholders. Key growth metrics across Home, Motor and Commercial portfolios and improved investment yields bolster the outlook. Offsetting risks include elevated natural hazard costs (>$2bn and ~$250m above allowance), NZ macro weakness, platform remediation and near‑term volatility from mark‑to‑market investment impacts and competitive pressures. Management has clear mitigation actions (reinsurance, pricing discipline, AI/claims modernization and capital buffers) and guidance for FY'27 is cautious but constructive (GWP growth 3%–5%, underlying ITR in top half of range, flat expense ratio), so the positives outweigh the negatives.Positive Updates
Underlying Earnings Growth
Underlying earnings increased 4.5% year‑on‑year, with underlying cash earnings of $1.04 billion and NPAT of $1.03 billion, demonstrating resilient core performance despite weather and mark‑to‑market noise.
Negative Updates
Elevated Natural Hazard Costs
Net natural hazard claims exceeded $2.0 billion (18 declared events) and natural hazard costs exceeded the allowance by around $250 million for FY'26, driving increased claims outlays and operational response demands.
Read all updates
Q4-2026 Updates
Positive
Negative
Underlying Earnings Growth
Underlying earnings increased 4.5% year‑on‑year, with underlying cash earnings of $1.04 billion and NPAT of $1.03 billion, demonstrating resilient core performance despite weather and mark‑to‑market noise.
Read all positive updates
Company Guidance
Suncorp’s FY27 guidance targets GWP growth of 3–5%, an underlying insurance trading ratio in the top half of the 10–12% range (FY26 underlying ITR 11.8%; underlying earnings +4.5%), and a total operating expense ratio broadly flat versus FY26 (expense ratio improved 50bps in FY26); management expects margins to be slightly skewed to H2, plans capital returns including a fully‑franked $0.10/share special dividend and an on‑market buyback of up to $250m in FY27 (FY26 final ordinary dividend $0.52 fully franked; FY26 full‑year ordinary $0.69), will remain capital‑disciplined with pro‑forma CET1 ~A$162m above the midpoint after those returns, and has added a 5‑year aggregate reinsurance cover (up to A$800m p.a.) that caps natural‑hazard downside to ~A$50m of the allowance in ~90% of scenarios (cover expected to be broadly neutral economically); investment yields on insurance funds are ~5.1% (exit 5.3%), and the payout target is around the midpoint of the 60–80% cash‑earnings range.Suncorp Group Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 16.35B | 16.85B | 13.33B | 16.04B | 13.67B |
| Gross Profit | 2.97B | 3.55B | 13.33B | 16.04B | 13.67B |
| EBITDA | 1.66B | 2.93B | 1.64B | 1.20B | 1.45B |
| Net Income | 1.03B | 1.82B | 1.20B | 1.15B | 681.00M |
Balance Sheet | |||||
| Total Assets | 29.69B | 30.36B | 111.71B | 115.05B | 106.43B |
| Cash, Cash Equivalents and Short-Term Investments | 997.00M | 22.28B | 18.03B | 5.56B | 3.79B |
| Total Debt | 3.23B | 2.53B | 2.52B | 26.54B | 23.53B |
| Total Liabilities | 19.28B | 19.74B | 97.83B | 101.70B | 93.65B |
| Stockholders Equity | 10.36B | 10.58B | 13.84B | 13.31B | 12.75B |
Cash Flow | |||||
| Free Cash Flow | 1.58B | 2.55B | 2.43B | 742.00M | 2.48B |
| Operating Cash Flow | 1.58B | 2.55B | 2.43B | 742.00M | 2.48B |
| Investing Cash Flow | -233.00M | 1.63B | -4.65B | -1.12B | -2.24B |
| Financing Cash Flow | -1.73B | -5.91B | -333.00M | 2.21B | 903.00M |
Suncorp Group Technical Analysis
Positive
19.37
Price Trends
18.51
Positive
17.60
Positive
16.82
Positive
Market Momentum
0.09
Negative
53.49
Neutral
67.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SUN, the sentiment is Positive. The current price of 19.37 is above the 20-day moving average (MA) of 18.61, above the 50-day MA of 18.51, and above the 200-day MA of 16.82, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 53.49 is Neutral, neither overbought nor oversold. The STOCH value of 67.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SUN.
Suncorp Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | AU$18.35B | 18.26 | 14.06% | 3.56% | 9.36% | -24.51% | |
73 Outperform | AU$32.76B | 10.83 | 18.63% | 4.23% | 3.37% | 6.40% | |
69 Neutral | AU$13.03B | 20.78 | 26.74% | 3.54% | 9.29% | 27.49% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | AU$19.98B | 19.21 | 10.06% | 3.58% | -2.94% | -31.48% | |
67 Neutral | AU$3.86B | 37.64 | 11.69% | 2.95% | 5.84% | -49.20% | |
65 Neutral | AU$6.47B | 24.29 | 11.48% | 3.70% | 16.76% | -19.90% |
* Financial Sector Average
AU:SUN
Suncorp Group
18.44
-1.94
-9.54%
AU:AUB
AUB Group
29.36
-3.17
-9.75%
AU:IAG
Insurance Australia Group Limited
7.85
-0.49
-5.89%
AU:MPL
Medibank Private
4.78
-0.12
-2.47%
AU:QBE
QBE Insurance Group Limited
21.93
1.37
6.67%
AU:SDF
Steadfast Group Limited
5.83
-0.02
-0.41%
Suncorp Group Corporate Events
Suncorp CEO Steve Johnston Cuts Direct Shareholding in On‑Market Trade
Aug 24, 2026
Suncorp Group has disclosed a change in the shareholding of its managing director and CEO, Steve Johnston, following an on‑market sale of ordinary shares. Johnston disposed of 150,000 Suncorp ordinary shares at a price of $18.41 per share, r...
Suncorp Refines Dividend Currency Details for June 2026 Period
Aug 20, 2026
Suncorp Group has updated its dividend notification for holders of its ordinary fully paid shares, revising other currency information linked to the previously announced distribution. The dividend relates to the six‑month period ending 30 Ju...
Suncorp Updates Currency Details on June 2026 Dividend
Aug 19, 2026
Suncorp Group Limited has issued an updated notification to the ASX regarding a dividend on its ordinary fully paid shares, SUN, for the six-month period ended 30 June 2026. The update revises currency information for the previously announced divi...
Suncorp Issues 777,000 New Ordinary Shares After Conversion of Unquoted Securities
Aug 19, 2026
Suncorp Group has notified the ASX of the issue of 777,000 new ordinary fully paid shares following the conversion or exercise of previously unquoted securities. The shares, which were issued on 13 August 2026, represent an increase in SuncorpR...
Suncorp Group Opens FY26 Results Presentation
Aug 12, 2026
Suncorp Group has opened its FY26 results presentation, with Chief Executive and Managing Director and Chief Financial Officer leading the briefing. The release signals the formal commencement of the company’s annual reporting cycle, with br...
Suncorp reshapes executive team to drive AI-led digital insurance push
Aug 11, 2026
Suncorp Group has overhauled its executive leadership team, creating a new Chief Executive Customer, Brand and Digital role to consolidate brand, marketing and digital distribution under Chief Risk Officer Bridget Messer. The move is designed to s...
Suncorp Picks EY as Preferred Auditor From 2027 After Tender Review
Aug 11, 2026
Suncorp Group has completed a competitive tender for its external audit and selected Ernst Young as the preferred auditor from the 2027 financial year, pending regulatory consents, fit and proper assessments, and shareholder approval at the 2026 ...
Suncorp Posts FY26 Results and Clarifies Basis of Financial Reporting
Aug 11, 2026
Suncorp Group Limited has released its financial results for the year ended 30 June 2026, outlining performance across its Consumer Insurance, Commercial and Personal Injury Insurance, and Suncorp New Zealand segments. The results are prepared und...
Suncorp Files 2026 Corporate Governance Statement and ASX Appendix 4G
Aug 11, 2026
Suncorp Group Limited has released its corporate governance statement for the financial year ended 30 June 2026, confirming compliance with ASX Listing Rule requirements and alignment with the ASX Corporate Governance Council’s principles an...
Suncorp Boosts Capital Returns on Strong FY26 Earnings Amid Heavy Hazard Costs
Aug 11, 2026
Suncorp Group reported FY26 net profit after tax of $1.027 billion and cash earnings of $1.042 billion, with underlying earnings up 4.5% and its underlying insurance trading ratio remaining near the top of its 10%–12% target range. The insur...
Suncorp Announces On‑Market Share Buy‑Back for Ordinary Shares
Aug 11, 2026
Suncorp Group Limited has announced a new on‑market share buy‑back for its ordinary fully paid shares listed on the ASX under the code SUN. The program signals the company’s intention to actively manage its capital structure and ...
Suncorp Declares AUD 0.62 Half‑Year Dividend
Aug 11, 2026
Suncorp Group has declared a dividend of AUD 0.62 per ordinary fully paid share for the six‑month period ended 30 June 2026. The payment timetable sets the ex‑dividend date for 17 August 2026, record date for 18 August 2026 and payment...
Suncorp Profit Slumps but Board Boosts Payouts With Final and Special Dividends
Aug 11, 2026
Suncorp Group has reported declines in both revenue and profit for the year to 30 June 2026, with revenue from continuing operations down 4.0% to A$16.77 billion and net profit attributable to owners dropping 34.2% to A$1.03 billion compared with ...
Suncorp Reports Lapse of 1,416 Conditional Share Rights
Jul 9, 2026
Suncorp Group has reported the lapse of 1,416 share rights under the ASX code SUNAB, following the failure or incapacity to satisfy the conditions attached to these conditional rights. The cessation of these securities marginally reduces the compa...
Suncorp Appoints New Director with No Current Securities Interest
Jul 3, 2026
Suncorp Group Limited has notified the ASX of the appointment of Saw Teow Yam (also known as Yen Saw) as a director effective 30 June 2026, in compliance with listing rule 3.19A.1 and corporate disclosure requirements. The filing confirms that at ...
Suncorp Reports No Controlled-Entity Holdings or Economic Exposure to Its Own Shares
Jun 23, 2026
Suncorp Group has reported, under an ASIC exemption related to Section 259C(2) of the Corporations Act, that as of 19 June 2026 its controlled entities hold no voting shares in the company and have no power over voting or disposal of such shares. ...
Suncorp Redeems 118,000 Subordinated Notes, Trims Convertible Debt
Jun 17, 2026
Suncorp Group Limited has confirmed the cessation of 118,000 SUNAA subordinated notes following their repayment or redemption on 15 June 2026, without conversion into equity. The move slightly reduces the group’s outstanding convertible debt...
Suncorp Sets Fully Franked Quarterly Distribution on SUNPJ Capital Notes
Jun 17, 2026
Suncorp Group has declared a fully franked quarterly distribution of AUD 1.2825 per security on its SUNPJ capital notes, a perpetual, non-cumulative, floating-rate hybrid referenced to the three‑month bank bill swap rate plus a 2.8% margin. ...
Suncorp Sets Fully Franked Quarterly Distribution on SUNPI Capital Notes
Jun 17, 2026
Suncorp Group has declared a fully franked quarterly distribution of AUD 1.3001 per security on its SUNPI capital notes, to be paid on 17 September 2026 to holders on the 3 September record date. The distribution, based on a 5.1580% per annum rate...
Suncorp Redeems 3.89 Million SUNPH Capital Notes, Adjusts Issued Capital
Jun 17, 2026
Suncorp Group Limited has notified the market of the cessation of a tranche of its capital notes, identified as SUNPH, following the redemption of 3,890,000 units on 17 June 2026. The redemption of these perpetual, non-cumulative, floating-rate ca...
Suncorp Completes $389m Capital Notes 3 Redemption and Final Payout
Jun 17, 2026
Suncorp Group Limited has redeemed all 3,890,000 Suncorp Capital Notes 3, with a face value of $389 million, which were originally issued in December 2019 and traded under the ASX code SUNPH. Holders on the 2 June 2026 record date receive $100 per...
Suncorp to Redeem and Delist Suncorp Capital Notes 3
May 28, 2026
Suncorp Group’s hybrid security Suncorp Capital Notes 3, issued in December 2019 under code SUNPH, has been suspended from quotation on the ASX ahead of its planned redemption and removal. ASX Compliance confirmed the securities will be remo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.