Suncorp

November storms push Suncorp FY26 natural hazard bill up to A$1.275bn

November 28 2025

November events added up to A$510m (US$332m) in estimated losses, with nat cat events depleting two-thirds of insurer's natural hazard allowance less than five months into the year.

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Law firm probes class action over alleged pricing misconduct claims against Suncorp

August 29 2025

Initial findings allege Suncorp created a "loyalty tax" that charged long-term customers more than new ones without their knowledge.

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Suncorp's profits jump 52.3% on strategic divestments, GWP rises 6.3% in FY25

August 14 2025

Suncorp's sale of Suncorp Bank and New Zealand Life were seen as significant drivers behind its profit surge for FY25.

Suncorp expands disaster response with new regional hub in Townsville

July 18 2025

Suncorp CEO Steve Johnston says the new facilities will improve the company’s ability to aid customers affected by extreme weather in the region.

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Suncorp trims reinsurance tower, maintains core structure after strategic review

July 2 2025

New structure aims to reduce earnings volatility and improve capital efficiency following a strategic review.

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Suncorp names Duncan West new Chairman as Christine McLoughlin retires

June 27 2025

McLoughlin's retirement comes following the completion of the sale of Suncorp's bank business to ANZ.

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Suncorp launches gen AI tool to streamline claims processing

June 13 2025

Australian insurer says the tool cuts processing time by five to 30 minutes per claim.

Suncorp pledges A$500K for Cyclone Alfred recovery efforts

March 17 2025

Suncorp is also continuing its support in North and Far North QLD following flooding in February.

Insurance claims from ex-Tropical Cyclone Alfred climb to over 44,000

March 13 2025

Government introduces financial aid as insurers coordinate recovery efforts post-Cyclone Alfred.

Suncorp to settle class action over add-on insurance sales

February 28 2025

In an exchange announcement, the insurer denied any wrongdoing but confirmed it has decided to settle case.

Suncorp reports half year profit surge as bank sale, lower claims boost earnings

February 12 2025

Results driven by AU$252m gain from bank sale and a lower-than-expected natural hazard costs.

Fitch assigns Asteron Life 'A' IFS rating following acquisition by Resolution Life

February 4 2025

Ratings have a positive outlook with further rating uplift expected due to pending acquisition of Resolution Group by Nissay.

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