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

$20.97

08 Jul
2025

-0.130

OPEN

$20.98

-0.62%

HIGH

$21.16

2,148,436

LOW

$20.77

TARGET
$22.338 6.5% 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 110.9 119.9 xxx
DPS (cps) xxx 91.6 101.3 xxx
EPS Growth xxx 3.8% 8.1% xxx
DPS Growth xxx 30.0% 10.6% xxx
PE Ratio xxx N/A 17.4 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 82.6% 84.5% xxx

Dividend yield today if purchased 3 years ago: 8.29%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.40

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

0.3

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

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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Morgan Stanley

02/07/2025

1

Overweight

$25.20

20.17%

Management at Suncorp Group has introduced a three-year structured reinsurance cover to cap Australian catastrophe costs at -$350m per event, observes Morgan Stanley. The total benefit is limited to $600m over the period, or 67% per annum on average.

The broker notes this multi-year structure supports margin stability and includes a profit share element, offering upside if management controls event losses effectively.

The group also added a second reinstatement in the $500m–$1bn protection layer, stabilising earnings by avoiding past reinstatement costs of up to -$80m, explains the broker.

Despite strong reductions in reinsurance pricing, levels remain historically high, note the analysts. Suncorp is seen taking a disciplined approach with further FY26 CAT budget flexibility and capital management options under review.

The $25.20 target and Overweight rating are maintained. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 80.00 cents and EPS of 124.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 84.00 cents and EPS of 120.00 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$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

02/07/2025

2

Overweight

$22.00

4.91%

Jarden believes earnings of domestic general insurers are well supported in the near term by strong equity markets and benign catastrophe activity, slightly offset by lower risk-free rates.

The broker prefers Suncorp Group over Insurance Australia Group ((IAG)) for reasons including its caution on regulatory risk for the proposed acquisition of RAC.

The broker notes Suncorp's FY26 reinsurance program is largely unchanged, and expects any reinsurance savings to be used to either lower pricing to drive unit growth or to improve natural hazard cover.

The analyst forecasts underlying ITR margin of 12.1% for FY25 and 11.9% for FY26.

Overweight Target rises to $22.00 from $19.95.

FORECAST
Jarden forecasts a full year FY25 dividend of 102.00 cents and EPS of 141.90 cents.
Jarden forecasts a full year FY26 dividend of 87.00 cents and EPS of 120.30 cents.
Access Extra Coverage Research History >

SUN STOCK CHART

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