Overview
Suncorp chief executive Steve Johnston says the retail-focused, pure-play insurer is well-placed for growth after it adopted conservative allowances for weather-related disasters and modernised technology systems.
Confidence in reported insurance margins was hit this week, with QBE shares sliding 11 per cent, after analysts questioned the release of past reserves to support interim results last Friday.
Source: https://www.afr.com/companies/financial-services/suncorp-lifts-profit-to-1-8b-says-premium-price-rises-are-moderating-20250813-p5mmpa