Suncorp FY26 slides show earnings growth, AUD 606m capital return
Suncorp Group reported a 4.5% increase in underlying earnings to AUD 1.6 billion in the FY26, despite natural hazard costs exceeding expectations by AUD 254 million. The company maintained its insurance trading ratio at 11.8%, the highest in five consecutive periods. Shares rose 3.77% to AUD 19.25 after the results. The company returned AUD 606 million to shareholders through dividends and share buybacks, showcasing confidence in its balance sheet.
Cash earnings stood at AUD 1,042 million, with gross written premium of AUD 15.4 billion and net investment returns of AUD 553 million. Natural hazard experience amounted to AUD 2.0 billion, with 120,000 claims handled across the portfolio. Investment portfolio yields improved to around 5%, with exit yields at 5.3% due to a favorable interest rate environment.
Total expense ratio improved 50 basis points to 18.1%. The company completed a AUD 400 million buyback in FY26, increasing the pro forma CET1 position above the midpoint of its target range.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
