Suncorp: Result 2015

Outgoing Suncorp CEO Patrick Snowball has delivered a strong final result before he heads back to Blighty.

When the former British tank commander Patrick Snowball arrived at Suncorp back in 2009 many were sceptical. With his heavy stature and colourful shirts, he’d been likened to a bison that had run through a clothes line, and many thought sorting out Suncorp would be beyond him. We were among them, maintaining the Avoid recommendation we’d had on the stock for over five years.

But while there’s still work to be done, Suncorp is in far better shape now than it was when Snowball took over in 2010: less complex, leaner and performing much better.

Profits hit by bad weather

Good underlying performance

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles