Company DescriptionSuncorp Group Limited provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand. The company operates through Insurance (Australia), Suncorp Bank, and Suncorp New Zealand segments. The Insurance (Australia) segment provides general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, and compulsory third-party products, as well as distributes life insurance products. The Suncorp Bank segment offers banking products and services, such as commercial, agribusiness, small business, and home loans; savings and transaction accounts; foreign exchange services; and treasury products and services. The Suncorp New Zealand segment provides general and life insurance products comprising home and contents, motor, commercial property, public liability and professional indemnity, life, trauma, total and permanent disablement, and income protection. The company was formerly known as Suncorp-Metway Limited and changed its name to Suncorp Group Limited in December 2010. Suncorp Group Limited was founded in 1902 and is headquartered in Brisbane, Australia.

How the Company Makes Money

Suncorp Group Limited Financial Statement Overview

Summary

Suncorp Group exhibits strong profitability and a stable financial position, supported by effective cost management and prudent leverage. While the company maintains robust cash flows, challenges in revenue growth and asset expansion may impact future performance. Overall, the financial health is solid but requires attention to growth sustainability.

Income Statement

Positive

Suncorp Group's income statement reflects substantial gross profit and net profit margins, indicating strong profitability. The company achieved a high EBIT margin, showcasing effective cost management. However, the revenue growth rate shows volatility, with a decline from the previous year, which could be a concern.

Balance Sheet

Positive

The balance sheet reveals a strong equity position with a reasonable debt-to-equity ratio, indicating financial stability. The return on equity is healthy, reflecting efficient use of shareholder funds. However, a slight decline in total assets poses a potential risk to future growth.

Cash Flow

Positive

Cash flow analysis shows robust operating cash flow, supporting liquidity. The free cash flow to net income ratio is strong, indicating efficient cash conversion. However, the free cash flow growth rate is minimal, suggesting limited expansion in cash generation capabilities.

TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Breakdown
Income Statement		Total Revenue
14.80B	13.33B	16.04B	13.67B	12.82B	13.15B
	Gross Profit
14.14B	13.33B	16.04B	13.67B	12.82B	13.15B
	EBIT
7.33B	1.40B	3.41B	1.22B	2.05B	2.06B
	EBITDA
2.06B	1.64B	1.20B	1.45B	2.24B	2.21B
	Net Income Common Stockholders
1.72B	1.20B	1.15B	681.00M	1.03B	628.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.06B	18.03B	5.56B	3.79B	2.62B	1.47B
	Total Assets
33.20B	111.71B	115.05B	106.43B	97.04B	95.95B
	Total Debt
2.52B	2.52B	26.54B	23.53B	21.12B	22.93B
	Net Debt
1.47B	1.79B	22.64B	22.11B	19.92B	21.74B
	Total Liabilities
18.68B	97.83B	101.70B	93.65B	83.59B	83.17B
	Stockholders Equity
14.48B	13.84B	13.31B	12.75B	13.42B	12.76B
Cash Flow		Free Cash Flow
2.32B	2.43B	742.00M	2.48B	4.34B	2.30B
	Operating Cash Flow
2.32B	2.43B	742.00M	2.48B	4.34B	2.30B
	Investing Cash Flow
-3.71B	-4.65B	-1.12B	-2.24B	-1.40B	43.00M
	Financing Cash Flow
-1.27B	-333.00M	2.21B	903.00M	-1.67B	-2.26B

Suncorp Group Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (64)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SNMYF		$14.93B	16.07	9.52%	4.77%	―	―
Sector *	64 Neutral	$12.87B	9.81	7.76%	16985.65%	12.28%	-7.83%
A5H		€2.35B	33.00	7.96%	2.56%	―	―
IAUGF		$13.46B	16.21	18.88%	3.35%	―	―
MDBPF		$8.70B	16.95	20.97%	5.70%	―	―
3GU		€1.84B	17.37	15.78%	4.65%	―	―
QBEIF		$23.31B	13.35	17.21%	3.74%	―	―

* Financial Sector Average

Performance Comparison

SNMYF

Suncorp Group Limited

13.80

3.94

39.96%

DE:A5H

AUB Group

20.00

1.31

7.01%

IAUGF

Insurance Australia Group Limited

5.72

1.55

37.17%

MDBPF

Medibank Private Ltd.

1.99

0.09

4.74%

DE:3GU

NIB Holdings Ltd

3.54

-0.75

-17.48%

QBEIF

QBE Insurance Group Limited

15.38

3.63

30.89%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.