MARKETS SPECTATOR: Suncorp's natural hazards

Confidence is returning in the Sunshine State, but Suncorp's natural hazard's claims have surpassed its forecasts.

Suncorp Group shares have been an investor favorite. The stock’s total return over the last 12 months has been 61 per cent, according to Bloomberg data. Today the shares continued their run, up 2.71 cent to $12.51 at 1333 AEST against benchmark index increase of 1.53 per cent, after Brisbane-based Suncorp told the ASX its gross lending increased 2 per cent to $46.7 billion in the March quarter. Impaired assets in the three months to March 31 were $221 million compared with $216 million in the three months to December 31 and $235 million in the three months to September 30 last year.

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