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Suncorp Group (SUN) investor relations material
Suncorp Group Investor Day 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic direction and transformation
Transitioned to a pure play insurer after divesting the banking business, enabling a focused strategy and operational simplification.
Five core insurance portfolios remain, with a renewed emphasis on technology, data, and customer-centric culture.
Multi-brand strategy leverages strong national and niche brands for broad market reach, customer acquisition, and cost-effective distribution, with AAMI and Bingle showing strong growth in key regions.
Digital Insurer program is modernizing core systems, enabling agility, rapid product innovation, and improved customer experience.
Commercial insurance is positioned as a key growth engine, targeting #2 market share with broker support, tech investment, and new specialty products.
Technology, digital, and AI transformation
Digital Insurer leverages Duck Creek cloud platform, live in New Zealand and planned for AAMI and other brands, supporting process simplification and experience uplift.
93% of technology workloads are in public cloud, enabling cost efficiencies, resilience, and scalability.
Over 100 AI/ML models and 20+ GenAI use cases deployed, including agentic AI for claims, customer service, fraud detection, and process orchestration.
AI-driven marketing, operational automation, and underwriting precision are improving efficiency and customer engagement.
AI adoption is governed by a holistic safety framework, with a payback period for investments estimated at just over two years.
Financial guidance and capital management
Underlying insurance trading ratio (ITR) guidance remains at 10%-12%, with margins at the top end of the range and improved expense ratios.
Increased investment in growth initiatives, with discretionary project spend tripling since FY 2019.
Capital management targets CET1 at 1.025–1.325x PCA, with ongoing buybacks and a 60%-80% dividend payout ratio.
Pro forma FY25 capital stack optimised for regulatory requirements, with buffers in Additional Tier 1 and Tier 2 capital.
Value creation strategy reinvests operational efficiencies into competitive premiums, customer experience, and margin improvement.
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