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Suncorp Group Limited ( (AU:SUN) ) has shared an update.
Suncorp Group Limited has completed the sale of its New Zealand life insurance business, Asteron Life Limited, to Resolution Life NOHC for NZ$410 million. The initial tranche of NZ$250 million has been received, with the remaining amount to be paid in 18 months, and Suncorp has entered into a transitional services agreement for up to two years post-completion.
More about Suncorp Group Limited
Suncorp Group Limited operates in the financial services industry, primarily offering insurance and banking services. It focuses on providing general insurance, life insurance, and banking solutions across Australia and New Zealand.
YTD Price Performance: 7.03%
Average Trading Volume: 6,493
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $16.51B
For detailed information about SUN stock, go to TipRanks’ Stock Analysis page.
