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Suncorp Group Limited (ASX:SUN)

ALERT: Price-sensitive ASX Announcement for SUN
Current share price for SUN : $18.630 2.65 (16.58%)+
Announcement
Release
18 Feb 2026 7:30AM
Price at Release
$15.980
Full Release
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Summary
Suncorp Group Limited reported its 1H26 results, which were affected by high natural hazard costs totaling $1.3 billion and reduced investment returns. Despite these challenges, the company achieved a Gross Written Premium (GWP) growth of 2.7% led by its Consumer portfolio. It announced a fully franked interim dividend of 17 cents per share, equating to 68% of cash earnings, and completed a $168 million share buy-back with plans to target $400 million by FY26 end. The underlying insurance trading ratio was robust at 11.7%, and the company continues to invest strategically in disaster management and AI, expecting GWP growth at the lower end of the mid-single-digit range.
Key Points
  • Suncorp's 1H26 results were impacted by elevated natural hazard costs and lower investment returns.
  • The company managed over 71,000 natural hazard claims resulting in a net cost of about $1.3 billion.
  • Gross Written Premium (GWP) growth was 2.7% year-on-year, with a significant contribution from the Consumer portfolio.
  • A fully franked interim ordinary dividend of 17 cents per share was announced, representing 68% of cash earnings.
  • The company completed a $168 million on-market share buy-back and aims for a total of $400 million by the end of FY26.
  • The underlying insurance trading ratio remained strong at 11.7% despite challenges.
  • Suncorp is focusing on strategic investments in disaster management and leveraging AI to improve operations.
  • Future outlook includes GWP growth expected around the bottom of mid-single-digit range and resilient underlying insurance trading ratios.
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.