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Suncorp Group ( (AU:SUN) ) just unveiled an update.
Suncorp Group has reported an initial, currently modest claims impact from Ex-Tropical Cyclone Koji and bushfires in Victoria, saying around 140 home and motor claims had been lodged by the evening of 11 January and emphasising its readiness to deploy disaster response teams once conditions permit. The insurer disclosed that natural hazard costs for the first half of FY26 are expected to reach about A$1.32 billion against a A$1.77 billion full-year allowance, driven by nine major weather events – particularly destructive hailstorms in south-east Queensland and along the east coast – and noted this elevated hazard experience will add roughly A$35 million to its claims risk adjustment, weighing on reported profit but not underlying margins. Suncorp said its main catastrophe reinsurance cover remains intact, with retention for the next large Australian event reduced to A$260 million, and projected net investment income of around A$250 million for 1H26, helped by income on insurance and shareholder funds. The group also outlined changes to its profit and loss presentation to reflect its status as a standalone general insurer by more clearly separating items below the insurance trading result, and confirmed there is no change to its FY26 outlook ahead of its 1H26 results release on 18 February 2026.
The most recent analyst rating on (AU:SUN) stock is a Buy with a A$22.25 price target. To see the full list of analyst forecasts on Suncorp Group stock, see the AU:SUN Stock Forecast page.
More about Suncorp Group
Suncorp Group is an Australian-listed pure-play general insurer providing home, motor, and commercial insurance, with a strong presence along the east coast of Australia and in New Zealand. The group focuses on disaster response and recovery, leveraging mobile disaster response hubs, a Disaster Management Centre, and regional offices such as Townsville to support customers affected by cyclones, storms, floods and bushfires.
YTD Price Performance: -1.08%
Average Trading Volume: 2,617,607
Technical Sentiment Signal: Hold
Current Market Cap: A$18.91B
See more data about SUN stock on TipRanks’ Stock Analysis page.