Suncorp Prepares for Tropical Cyclone Alfred with Robust Disaster Response

Suncorp Group ( (AU:SUN) ) has shared an announcement.

Suncorp Group is preparing for the imminent landfall of Tropical Cyclone Alfred, which is expected to impact south-east Queensland and northern New South Wales with strong winds and heavy rains. The company has activated its Disaster Management Centre and is readying its response and claims teams to assist affected customers. Suncorp highlights the federal Government’s Cyclone Reinsurance Pool and its own comprehensive reinsurance program, which provides significant financial protection against large weather events. The company maintains a strong capital position, bolstered by proceeds from the sale of Suncorp Bank.

More about Suncorp Group

Suncorp Group Limited is a financial services company based in Australia, primarily involved in insurance and banking. It operates in the financial sector, providing a range of products and services including general insurance, banking, and wealth management, with a focus on the Australian market.

YTD Price Performance: 26.92%

Average Trading Volume: 5,337

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $13.56B

Find detailed analytics on SUN stock on TipRanks’ Stock Analysis page.