SUNCORP GROUP LIMITED (SUN)
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SUN

SUN - SUNCORP GROUP LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Suncorp Group is an Australian finance, insurance, and banking corporation based in Queensland, Australia. It was originally the State Government Insurance office but became an independent corporation in 1985 and a listed company in 1988. Suncorp owns several household insurance brands in Australia, incl GIO, AAMI, Shannons and Terri Sheer.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$21.57

19 Jun
2025

0.170

OPEN

$21.48

0.79%

HIGH

$21.73

2,390,829

LOW

$21.36

TARGET
$21.93 1.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . MPL . NHF . NOL . QBE . SDF . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
SUN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 110.9 117.6 xxx
DPS (cps) xxx 91.6 95.2 xxx
EPS Growth xxx 3.8% 6.0% xxx
DPS Growth xxx 30.0% 3.8% xxx
PE Ratio xxx N/A 18.3 xxx
Dividend Yield xxx N/A 4.4% xxx
Div Pay Ratio(%) xxx 82.6% 80.9% xxx

Dividend yield today if purchased 3 years ago: 8.40%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.27

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 22/08 - ex-div 44c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx110.9
DPS All xxxxxxxxxxxxxxx91.6
Sales/Revenue xxxxxxxxxxxxxxx14,831.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,278.5
Net Operating Cash Flow xxxxxxxxxxxxxxx2,431.0 M
Net Profit Margin xxxxxxxxxxxxxxx6.33 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx6.92 %
Return on Invested Capital xxxxxxxxxxxxxxx4.40 %
Return on Assets xxxxxxxxxxxxxxx0.83 %
Return on Equity xxxxxxxxxxxxxxx6.92 %
Return on Total Capital xxxxxxxxxxxxxxx4.97 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,739.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx2,525 M
Total Debt xxxxxxxxxxxxxxx2,525 M
Goodwill - Gross xxxxxxxxxxxxxxx5,006 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx734 M
Price To Book Value xxxxxxxxxxxxxxx1.60

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,110 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx18,228 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

27/05/2025

3

Neutral

$19.20

-10.99%

Macquarie assesses the insurance claims index for March and estimates like-for-like claims inflation around 3.3% for the March quarter for Personal Motor, including parts at 3.5% and labour at 3.4%, and circa 2.9% for Home, which is in line with the previous year.

The broker highlights the data infers claims inflation for Home reached a peak in the December 2022 quarter, with Personal Motor peaking in the March 2023 quarter.

Looking at the UK EV experience, there is an emerging disconnect, the analyst explains, between economic data and insurance, which is attributed to the mix shift to EVs and the interconnection with vehicle parts. UK EV claims were about 25.5% more expensive than ICE vehicles and took around 14% longer to repair.

Macquarie believes both Insurance Australia Group ((IAG)) and Suncorp Group are repricing insurance ahead of claims inflation, with underlying margins expected to peak in FY25.

The broker has a preference for Suncorp Group over Insurance Australia Group. No change to Neutral rating and $19.20 target.

FORECAST
Macquarie forecasts a full year FY25 dividend of 88.00 cents and EPS of 120.10 cents.
Macquarie forecasts a full year FY26 dividend of 82.00 cents and EPS of 115.40 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

20/04/2025

2

Overweight

$19.95

-7.51%

Given volatility in financial markets, Jarden extended its March quarter mark-to-market for insurers and brokers to April 11.

During this period, US and Australian risk-free rates fell, equity markets declined, USD depreciated, US credit spreads widened, though Australia was more muted, and 10-year inflation breakeven fell in the US and Australia.

This led to negative revisions to both FY25 and FY26 EPS forecasts.

Among general insurers, the broker sees Suncorp Group offering greater value than Insurance Australia Group ((IAG)), mostly because it offers more options ahead of the June 2025 insurance renewal.

Overweight. Target cut to $19.95 from $20.85.

FORECAST
Jarden forecasts a full year FY25 dividend of 101.00 cents and EPS of 123.40 cents.
Jarden forecasts a full year FY26 dividend of 84.00 cents and EPS of 116.90 cents.
Access Extra Coverage Research History >

SUN STOCK CHART

FNArena News on SUN

Latest Insurance News

1
Climate Costs Burden Heaviest For Aussie Insurers

Jun 01 2022 - Australia
2
In Brief: Risks From Russia, House Prices And Insurance Brokers

Feb 04 2022 - Australia
3
IAG Fails The Weather Test, But All Is Not Lost

Nov 03 2021 - Australia
4
Growth Returns For Suncorp

Aug 10 2021 - Australia
5
Treasure Chest: IAG Re-Rating?

Jun 28 2021 - Treasure Chest
6
Insurers Grapple With Costs And Competition

Jun 16 2021 - Australia
7
Nib Holdings May Need To Tread Carefully

Apr 27 2021 - Australia
8
Insurers Tackle More Risk As NSW Floods

Mar 23 2021 - Australia
9
Suncorp Homes In On Improved Returns

Feb 10 2021 - Australia
10
Reinsurance Key To Insurer Pandemic Claims

Sep 16 2020 - Australia