TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Suncorp Group ( (AU:SUN) ) has provided an update.
Suncorp Group has activated its Disaster Management Centre in response to supercell thunderstorms that have caused significant damage in south-east Queensland and parts of northern New South Wales. The company has received over 10,000 claims, with an expected net cost of $350 million, reaching its reinsurance maximum event retention. Suncorp is actively assisting affected customers through its Mobile Disaster Response Hubs and encourages prompt online claim submissions. The company’s FY26 allowance for natural hazards is $1,770 million, and its main catastrophe cover remains in place for further large events.
The most recent analyst rating on (AU:SUN) stock is a Hold with a A$19.50 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 Limited is a financial services company based in Brisbane, Australia. It operates in the insurance and banking sectors, providing a range of products including home and motor insurance. The company focuses on serving customers in Australia and New Zealand, with a strong emphasis on disaster management and customer support during natural events.
Average Trading Volume: 2,354,779
Technical Sentiment Signal: Buy
Current Market Cap: A$19.96B
Find detailed analytics on SUN stock on TipRanks’ Stock Analysis page.