Suncorp Group Ltd - Company Profile
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Suncorp Group Ltd (Suncorp) is a provider of financial products and services. It provides a range of insurance, banking, and wealth management products and services to individuals and corporate customers. Its offerings include home and contents insurance, boat insurance, travel insurance, motor insurance, special risks insurance, public liability and professional indemnity insurance, workers’ compensation insurance, compulsory third party insurance, directors’ and officers’ liability insurance, rural insurance, and construction and engineering insurance. It also offers life insurance products, financial planning, and funds administration services, superannuation administration services, home loans, personal loans, small business loans, saving accounts, transaction accounts, foreign exchange services, and treasury services. The group operates in Australia and New Zealand. Suncorp is headquartered in Brisbane, 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 (2022)
$12.7B
13.5%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
68.6%
(2022 vs 2021)
Market Cap*
$13.2B
Net Profit Margin (2022)
XYZ
48.5%
(2022 vs 2021)
* As of and is in US$
Suncorp Group Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Home and Contents Insurance | Foreign Exchange and Treasury Services | AAMI |
| Motor Insurance | Superannuation Administration Services | GIO |
| Travel Insurance | Financial Planning | Apia |
| XYZ | XYZ | XYZ |
| 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 |
|---|---|---|
| 2024 | Plans/Strategy | In April, the company announced its plans to sell Asteron Life to Resolution Life for US$246.4 million. |
| 2024 | Regulatory Approval | In February, the company secured approval from Australia's Competition Tribunal to sell its banking business to ANZ Group Holdings for US$3.2 billion. |
| 2023 | Contracts/Agreements | In September, AAMI joined ANZ, Bonds, Kia, McDonalds, Oral-B, nib, Tourism Australia, Pantene, TikTok, Uber, Virgin and Weet-Bix for launching the Shift 20 Initiative. |
Competitor Comparison
| Key Parameters | Suncorp Group Ltd | ANZ Group Holdings Ltd | National Australia Bank Ltd | Commonwealth Bank of Australia | Westpac Banking Corp |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Brisbane | Docklands | Melbourne | Sydney | Sydney |
| State/Province | Queensland | Victoria | Victoria | New South Wales | New South Wales |
| No. of Employees | 13,300 | 40,342 | 38,516 | 48,930 | 36,146 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Steve Johnston | Chief Executive Officer - Group; Director; Managing Director | Executive Board | 2019 | - |
| Adam Bennett | Chief Information Officer - Group | Senior Management | 2020 | - |
| Lisa Harrison | Chief Executive Officer - Insurance Product & Portfolio | Senior Management | 2020 | - |
| Clive van Horen | Chief Executive Officer - Banking & Wealth | Senior Management | 2020 | - |
| Bridget Messer | Group Chief Risk Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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