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Suncorp Group (SUN) investor relations material

Suncorp Group AGM 2025 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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AGM 2025 summary25 Sep, 2025

Opening remarks and agenda

  • Meeting opened with acknowledgment of traditional custodians and a welcome to country, emphasizing cultural respect and community connection.

  • Meeting procedures for both in-person and online attendees were outlined, including voting and Q&A protocols.

  • Board and executive introductions highlighted diverse expertise and upcoming leadership transition.

Financial performance review

  • Net profit after tax reached $1.8 billion, supported by one-off profits from the sale of Suncorp Bank and NZ Life, and strong investment income.

  • Cash earnings were nearly $1.5 billion, with gross written premium for General Insurance up 6.3%.

  • Natural hazard claims costs were $205 million below allowance, reflecting increased resilience and favorable reinsurance outcomes.

  • On-market buyback of up to $400 million announced, reflecting robust capital position.

Board and executive committee updates

  • Christine McLoughlin retired as Chairman, succeeded by Duncan West, with Board renewal and diversity emphasized.

  • New directors introduced, with focus on technology, risk, and regulatory expertise.

  • Board size and composition discussed in light of increased regulatory complexity and ongoing renewal.

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Frequently asked questions

Suncorp Group Limited is a prominent financial services provider in Australia and New Zealand, specializing in insurance and banking products and services for retail, corporate, and commercial customers. The company's operations are segmented into Insurance (Australia), Suncorp Bank, and Suncorp New Zealand. In Australia, the Insurance segment offers a comprehensive range of general insurance products, including but not limited to home and contents, motor, marine, travel, and commercial property insurance, along with life insurance products. The Suncorp Bank segment delivers a variety of banking services, such as commercial and home loans, savings and transaction accounts, foreign exchange, and treasury services. In New Zealand, Suncorp provides general and life insurance products, covering areas like home and contents, motor, and commercial property insurance. The company is headquartered in Brisbane, Australia, and its shares are listed on the ASX.

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