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Suncorp Group Limited (ASX:SUN)

ALERT: Price-sensitive ASX Announcement for SUN
Current share price for SUN : $18.940 0.38 (2.05%)+
Announcement
Release
12 Aug 2026 7:31AM
Price at Release
$18.560
Full Release
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Summary
Suncorp Group Limited announced strong financial results for FY26, including a net profit after tax of $1,027 million. The company declared a 52 cents per share final ordinary dividend and a 10 cent per share special dividend, alongside a share buyback plan of up to $250 million. Despite challenging conditions marked by exceeding its natural hazard allowance, Suncorp managed more than 120,000 claims and paid over $10 billion. It has invested significantly in technology to enhance its insurance operations and plans to leverage these investments to improve its offerings across Australia and New Zealand.
Key Points
  • Suncorp Group will pay a 10 cent per share fully franked special dividend.
  • The company plans to buy back up to $250 million of its shares.
  • Net profit after tax was $1,027 million with cash earnings of $1,042 million.
  • Suncorp exceeded its natural hazard allowance by $254 million, paying out over $10 billion in claims.
  • A multi-year aggregate reinsurance cover was implemented to reduce natural hazard risk and earnings volatility.
  • Investments were made in core platforms and AI capabilities to enhance claim management.
  • Suncorp aims to improve product manufacturing and sales in Australia and New Zealand.
  • The underlying insurance trading result increased to $1,636 million.
  • A fully franked final ordinary dividend of 52 cents per share was declared.
  • Future focus includes leveraging investments to improve operations and product offerings.
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.