Suncorp Group Ltd - Company Profile
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Suncorp Group Ltd (Suncorp) is a Trans-Tasman insurance group that focuses on providing a range of insurance products and services. The group's main activities include offering consumer insurance, commercial and personal injury insurance, and general insurance products. Suncorp's major products encompass home, contents, motor, commercial property, marine, public liability, and professional indemnity insurance. The company's products serve a diverse customer base, including individuals and businesses, addressing needs in areas such as workers' compensation and compulsory third-party insurance. Suncorp distributes its products through a network of brands and partnerships, including joint ventures with the New Zealand Automobile Association. The group operates in Australia and New Zealand, targeting both markets with its insurance offerings. Suncorp is headquartered in Brisbane, Queensland, Australia.
Headquarters
Australia
Address
Level 23, 80 Ann Street, Brisbane, Queensland, 4000
Website
www.suncorpgroup.com.au
Telephone
61 7 33621222
No of Employees
13,300
Industry
Financial Services
Ticker Symbol & Exchange
SUN (ASX)
Revenue (2024)
$10.2B
18.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
52.3%
(2024 vs 2023)
Market Cap*
$13.0B
Net Profit Margin (2024)
XYZ
28.9%
(2024 vs 2023)
* As of and is in US$
Suncorp Group Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| • | Claims Services | AAMI |
| Insurance: | GIO | |
| Home | Apia | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In October, the group partnered with Mastercard Australia to offer cashback rewards to home and motor insurance customers. |
| 2025 | Divestiture | In January, the group sold Asteron Life Limited to Resolution Life NOHC. |
| 2024 | Contracts/Agreements | In December, the group entered into a partnership with Microsoft to integrate artificial intelligence and cloud technology into its insurance business operations. |
Competitor Comparison
| Key Parameters | Suncorp Group Ltd | QBE Insurance Group Ltd | Insurance Australia Group Ltd | Assetinsure Pty Ltd | AIG Australia Ltd |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Brisbane | Sydney | Sydney | Sydney | Sydney |
| State/Province | Queensland | New South Wales | New South Wales | New South Wales | New South Wales |
| No. of Employees | 13,300 | 13,196 | 13,650 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Adam Bennett | Chief Information Officer | Senior Management | 2020 | - |
| Jeremy Robson | Chief Executive Officer - Interim | Senior Management | 2026 | - |
| Neil Wesley | Chief Financial Officer - Acting | Senior Management | 2026 | - |
| Bridget Messer | Group Chief Risk Officer | Senior Management | 2022 | - |
| Lisa Harrison | Chief Executive Officer - Consumer Insurance | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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