Suncorp Group Limited
SNMYF
Other OTC12.90
USD
- -
- -
ISIN
AU000000SUN6
Return %
Stock
S&P500
1Y
-3.35
14.20
3Y
26.25
79.77
5Y
22.65
70.11
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Steve Johnston
- Full Time Employees
- 11,500
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- Heritage Lanes Brisbane QLD Australia 4000
- IPO Date
- Jul 2, 2014
- Website
- suncorpgroup.com.au
- Similar Companies
- Business
- Suncorp Group Limited (ASX:SUN; OTC:SNMYF) operates as a leading trans-Tasman insurance company, providing a comprehensive range of general insurance products and services to retail, commercial, and corporate customers across Australia and New Zealand. The company offers consumer insurance including home and contents, motor, boat, and life insurance; commercial and personal injury insurance encompassing commercial motor, commercial property, marine, industrial special risks, liability, and compulsory third party coverage; and New Zealand insurance through brands such as Vero, Asteron, AA Insurance, and Autosure. It markets these offerings via prominent brands like AAMI, Apia, Shannons, Bingle, CIL, and Tyndall in Australia, targeting individuals, businesses, and communities with tailored protection solutions. Founded in 1902 and headquartered in Brisbane, Queensland, Australia, Suncorp Group employs approximately 10,500 people and maintains a heritage spanning more than a century as one of Australia's largest general insurers. Following the completion of its banking divestment, the company now functions as a pure-play insurer with streamlined portfolios in consumer insurance, commercial and personal injury insurance, and Suncorp New Zealand. In July 2024, Suncorp Group finalized the sale of its Suncorp Bank business to Australia and New Zealand Banking Group Limited (ANZ) for net proceeds of approximately A$4.1 billion, a strategic milestone first announced in 2022 that received necessary regulatory approvals including from the Australian Competition Tribunal and Federal Treasurer. The transaction enables Suncorp to sharpen its focus on insurance operations, invest in technology, digital capabilities, and disaster response infrastructure such as a new centre of excellence in Brisbane and a regional hub in Townsville employing around 120 people, while planning to return the majority of proceeds to shareholders via capital return and special dividend in early 2025 subject to approvals. Looking ahead to FY27, the company advances its ambition to become the leading trans-Tasman insurer through enhanced customer outcomes, operational efficiency, and portfolio growth.