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Suncorp Group Limited (ASX:SUN)

ALERT: Price-sensitive ASX Announcement for SUN
Current share price for SUN : $19.290 3.31 (20.71%)+
Announcement
Release
18 Feb 2026 7:31AM
Price at Release
$15.980
Full Release
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Summary
Suncorp Group Limited's HY26 Results Presentation highlights a period significantly impacted by natural hazard events, with nine events over $10 million affecting the Consumer segment. Despite these challenges, Suncorp achieved strong growth in its Consumer portfolio, with the home and motor units experiencing organic growth. The company's underlying investment yields remained strong, although investment income was affected by mark-to-market movements. Suncorp maintained a robust capital position, with an excess of $700 million to the mid-point of the CET1 target range and resumed its buy-back program. The group reported cash earnings of $270 million, with an interim dividend payout ratio of 68%. The presentation also emphasized Suncorp's strategic progress in digital transformation and AI integration, aimed at enhancing customer service and operational efficiency.
Key Points
  • Result significantly impacted by natural hazard events, especially in Consumer.
  • Strong organic growth in Home and Motor portfolios.
  • Underlying investment yields remain strong.
  • Capital position strong with $700 million excess to mid-point of CET1 target range.
  • Cash earnings of $270 million and interim dividend payout ratio of 68%.
  • Digital and AI initiatives driving further growth.
  • Buy-back program resumed post results.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.