Should I buy Suncorp Group stock in 2025?
Is it the right time to buy Suncorp Group?
ScoreSuncorp Group Limited (ASX: SUN) is currently trading around AUD 20.81, with an average daily volume of 2.3 million shares. The company has recently completed the high-profile sale of Suncorp Bank to ANZ and Asteron Life, enabling Suncorp to refocus as a pure-play insurer while distributing significant capital returns and special dividends to shareholders. Recent financial results have been robust, with a net profit of AUD 1.1 billion in the first half of 2025, outperforming analyst expectations and driven by strong premium growth (+8.9%). Market sentiment towards Suncorp is positive, reflecting its dominant market position in Australia and New Zealand, continued digital transformation, and its proven ability to manage risk including natural disasters. The sector is currently benefiting from elevated premiums and increased customer reliance on digital channels, enhancing future growth prospects. According to the consensus of more than 13 national and international banks, the target price is AUD 27.05. For investors seeking a blend of income and growth through a fully franked dividend (yielding 4.60%) in a well-managed insurance giant, Suncorp stands out as a compelling consideration in the Australian financial landscape.
- ✅Strong dividend yield of 4.60% with fully franked dividends for Australian investors
- ✅Solid earnings growth, net profit up 89% year-on-year in latest reported half
- ✅Large-scale transformation into pure-play insurer after major asset divestments
- ✅Substantial capital return and potential for share buy-backs
- ✅Leading market position and successful digital innovation in insurance sector
- ❌Ongoing exposure to climate-related claims may impact short-term profitability
- ❌Subject to regulatory scrutiny and potential rising compliance costs
Score- ✅Strong dividend yield of 4.60% with fully franked dividends for Australian investors
- ✅Solid earnings growth, net profit up 89% year-on-year in latest reported half
- ✅Large-scale transformation into pure-play insurer after major asset divestments
- ✅Substantial capital return and potential for share buy-backs
- ✅Leading market position and successful digital innovation in insurance sector
Is it the right time to buy Suncorp Group?
- ✅Strong dividend yield of 4.60% with fully franked dividends for Australian investors
- ✅Solid earnings growth, net profit up 89% year-on-year in latest reported half
- ✅Large-scale transformation into pure-play insurer after major asset divestments
- ✅Substantial capital return and potential for share buy-backs
- ✅Leading market position and successful digital innovation in insurance sector
- ❌Ongoing exposure to climate-related claims may impact short-term profitability
- ❌Subject to regulatory scrutiny and potential rising compliance costs
Score- ✅Strong dividend yield of 4.60% with fully franked dividends for Australian investors
- ✅Solid earnings growth, net profit up 89% year-on-year in latest reported half
- ✅Large-scale transformation into pure-play insurer after major asset divestments
- ✅Substantial capital return and potential for share buy-backs
- ✅Leading market position and successful digital innovation in insurance sector
- What is Suncorp Group?
- How much is Suncorp Group stock?
- Our full analysis on the Suncorp Group stock
- How to buy Suncorp Group stock
- Our 7 tips for buying Suncorp Group stock
- The latest news about Suncorp Group
- FAQ
Why trust HelloSafe ?
At HelloSafe, our expert has been tracking the performance of Suncorp Group for over three years. Every month, hundreds of thousands of users in Australia trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Suncorp Group.
What is Suncorp Group?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Australia | Suncorp Group is a leading Australian insurer, headquartered in Brisbane. |
| 💼 Market | ASX (Australian Securities Exchange) | Listed on the ASX, providing strong liquidity for Australian investors. |
| 🏛️ ISIN code | AU000000SUN6 | Used for identification and global trading of Suncorp Group shares. |
| 👤 CEO | Steve Johnston | CEO since 2019, leading strategic transformation and digital growth. |
| 🏢 Market cap | AUD 22.54 billion | Reflects Suncorp Group’s significant scale and competitive position in the sector. |
| 📈 Revenue | AUD 7.5 billion (half-year, 2025) | Shows strong growth driven by increasing insurance premium volumes. |
| 💹 EBITDA | Not publicly specified | Underlying performance is robust, as seen in record net earnings this year. |
| 📊 P/E Ratio (Price/Earnings) | 19.63 | Fair valuation for the sector, with room for growth as transformation advances. |
How much is Suncorp Group stock?
The price of Suncorp Group stock is falling this week. The current share price stands at AUD 20.81, reflecting a 3.39% drop over 24 hours and a 1.56% decrease over the last week. The company has a market capitalisation of AUD 22.54 billion and an average daily trading volume of 2.3 million shares. Suncorp Group posts a price/earnings ratio of 19.63, with a solid dividend yield of 4.60% and a stock beta of 0.63, indicating moderate volatility. This combination offers investors stability with the potential for long-term growth in the insurance sector.
Our full analysis on the Suncorp Group stock
After a thorough review of Suncorp Group’s latest financial results and its stock market performance over the past three years, our analysis leverages proprietary models fusing key financial metrics, technical indicators, sector data, and competitor benchmarking. This holistic approach allows us to surface insights beyond standard analyst commentary. So, why might Suncorp Group stock once again become a strategic entry point into the insurance and financial sector in 2025?
Recent performance and market context
Suncorp Group’s share price currently holds at AUD 20.81, with a market capitalisation of AUD 22.54 billion. Despite a modest pullback over the short term (down 3.39% in the past 24 hours and -1.56% over the week), the stock retains a positive one-year return of +6.18%. Noteworthy events—such as the completion of Suncorp Bank’s sale to ANZ for AUD 4.1 billion, a major capital return to shareholders, and the successful sale of Asteron Life—have reshaped the company into a focused insurance leader with a streamlined balance sheet.
The broader macroeconomic picture points to resilient domestic demand, accelerating premium growth, and sector reforms that underpin the outlook for insurance providers. Robust performance against analyst expectations and prudent capital management support Suncorp Group’s role as a pillar of financial stability on the ASX.
Technical analysis
Recent technical signals for Suncorp Group are constructive. The stock’s RSI sits at 60.74, indicating neutral-to-bullish momentum, and the MACD is gently positive. Of particular note is the “golden cross” phenomenon, where the 50-day moving average has pushed above the 200-day, a classic bullish reversal validated by steady buy signals across the 20-, 50-, and 200-day moving averages.
Key support is solidified at the AUD 19.51–19.59 level, and recent pullbacks have been met with strong aggregate buying. Resistance remains just under AUD 20.00. With sustained volume and confirmed momentum from technical indicators, Suncorp Group appears to be shaping a new upward trend with low volatility, as highlighted by a beta of 0.63. This stable technical structure increases the probability of upward runs, especially ahead of future earnings or strategic announcements.
Fundamental analysis
On the fundamentals, Suncorp Group’s half-year results are particularly compelling:
- Gross written premiums climbed to AUD 7.5 billion (+8.9% year-on-year), demonstrating robust organic growth.
- Net profits for the semester soared to AUD 1.1 billion, nearly doubling the prior year’s results and surpassing analyst consensus.
- A remarkably strong dividend yield of 4.60%—fully franked—offers income certainty for investors seeking yield with tax effectiveness.
Although the current P/E ratio stands at 19.63, this is justified by Suncorp Group’s market leadership, propensity for above-sector growth, and proven profitability. Suncorp Group’s shift to a pure insurance entity, bolstered by major portfolio rationalisation and capital returns, reinforces a forward P/E outlook that is less susceptible to financial sector shocks.
The company’s structural strengths are equally notable:
- Market leadership in both Australia and New Zealand, especially in general insurance.
- High brand recognition and trust, critical in a regulated, risk-sensitive sector.
- Continuous digital transformation: over 61% of customer interactions are now digital, driving lower costs and improved customer loyalty.
Strategic capital allocation and resilient revenues underscore an earnings profile that is both stable and geared for growth.
Volume and liquidity
Suncorp Group enjoys robust trading liquidity with a 2.30 million share average daily volume, which delivers favourable entry and exit flexibility for both institutional and retail investors. With 1.08 billion shares outstanding and a free float that supports efficient price discovery, Suncorp Group remains a mainstay for investors seeking dynamic yet reliable equity exposure.
Such sustained volume, coupled with consistently high institutional ownership, signals robust market confidence. These factors also encourage stable pricing and provide an ideal environment for both shorter-term traders and long-term buy-and-hold portfolios.
Catalysts and positive outlook
Looking toward the future, several key bullish catalysts reinforce Suncorp Group’s appeal:
- Ongoing digital transformation: The company is a pioneer in digital insurance, leveraging AI and process automation to deliver operational resilience and enhanced experiences for clients.
- Strategic disaster management investments: New facilities in Brisbane and Townsville boost Suncorp Group’s claims handling capabilities amid rising weather risk.
- Favourable capital management: Up to AUD 3.00 per share has been returned to investors, with special dividends further cementing its shareholder-friendly profile.
- Potential for share buybacks: Recent balance sheet strengthening and excess capital reserves allow room for potential further buybacks.
- Sector momentum: Insurance companies are benefiting from premium growth, rising demand for risk cover, and regulatory tailwinds linked to climate preparedness and solvency reforms.
Such developments not only insulate Suncorp Group from many sector risks but position it to capture outsized market share as the domestic insurance landscape evolves.
Investment strategies
Suncorp Group can be approached across several investment horizons:
- Short term: The presence of strong technical support and recently heightened trading activity creates tactical buying opportunities, especially around company updates or strategic milestones.
- Medium term: Ongoing growth in premium revenues and profitability, bolstered by sector-wide capacity discipline and digital adoption, underpin the case for holding the stock through coming quarters.
- Long term: The company’s transformation into a leaner, pure-play insurer, along with recurring cash flow and a compelling, fully franked dividend yield, make it highly attractive to investors focused on financial stability, growth and income.
Ideal positioning may be established after minor pullbacks to established technical support levels, or in advance of expected positive earnings news or sector updates. Waiting for consolidation phases or buying ahead of catalysts—such as further capital management or strategic expansions—may offer enhanced entry points for all investor profiles.
Is it the right time to buy Suncorp Group?
In sum, Suncorp Group’s blend of strong financials, sector leadership, robust dividend policies, digital-driven efficiency, and prudently managed balance sheet justify renewed and optimistic attention. The company’s proven resilience, solid technical structure, and array of potential catalysts set the stage for a compelling investment story. While no market is without risk, the fundamentals here seem to clearly support the argument that Suncorp Group may be entering a new bullish phase in 2025.
The stock’s current valuation, yield, and ongoing transformation collectively suggest that it deserves serious consideration as a core holding for anyone seeking exposure to Australia’s top-tier insurance and financial sector names. Now, as Suncorp Group stands poised in an increasingly favourable environment, this period appears to represent an excellent opportunity for both new and seasoned investors to look closely at the stock’s upside potential.
How to buy Suncorp Group stock
Buying Suncorp Group stock online is simple and secure when using a regulated broker in Australia. You can purchase Suncorp Group shares in two main ways: through classic spot buying (owning the shares) or by trading via Contracts for Difference (CFDs), which allows you to speculate on price movements with leverage. Both approaches can be completed fully online with your chosen platform. To help you get started, a detailed broker comparison is available further down the page.
Spot buying
When you buy Suncorp Group shares for cash, you become a direct shareholder and can benefit from dividends and capital gains. Most Aussie brokers charge a fixed commission per trade—typically ranging from $5 to $15 per order, depending on the platform.
Share Investment Gain Scenario
If the Suncorp Group share price is $20.81 AUD, you can buy around 47 shares with a $1,000 stake, including a brokerage fee of around $5.
✔️ Gain scenario:
If the share price rises by 10%, your shares are now worth $1,100.
Result: +$100 gross gain, i.e. +10% on your investment.
Trading via CFD
CFD trading lets you speculate on Suncorp Group shares without owning them physically. With CFDs, you can use leverage (borrowing to amplify gains and losses). The main fees are the spread (difference between buy and sell price) and any overnight financing for positions you hold longer than a day.
CFD Gain Scenario Example
You open a CFD position on Suncorp Group shares, with 5x leverage.
This gives you a market exposure of $5,000 with a $1,000 investment.
✔️ Gain scenario:
If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: +$400 gain, on a bet of $1,000 (excluding fees).
Final advice
Always compare brokers’ fees, trading tools, and security before buying Suncorp Group shares. Ultimately, the right method depends on your investment goals: direct share ownership is ideal for long-term wealth building and dividends, while CFDs offer flexibility for those looking to trade actively. For tailored fee details and to find the best partner, check out our broker comparison further down the page.
Check out the best brokers in Australia!Compare brokersOur 7 tips for buying Suncorp Group stock
| 📊 Step | 📝 Specific tip for Suncorp Group |
|---|---|
| Analyze the market | Review Suncorp Group’s financials and track Australia’s insurance sector for growth signals. |
| Choose the right trading platform | Use an ASX-licensed broker with low fees and dividend reinvestment capability for Suncorp Group. |
| Define your investment budget | Decide on your exposure, considering Suncorp Group’s moderate volatility and stable dividend yield. |
| Choose a strategy (short or long term) | Prefer a long-term approach to benefit from Suncorp Group’s digital transformation and steady payout. |
| Monitor news and financial results | Stay updated on Suncorp Group’s earnings, regulatory changes, and events like share buybacks or capital returns. |
| Use risk management tools | Apply stop-loss orders or profit targets to manage risk when investing in Suncorp Group. |
| Sell at the right time | Consider selling after strong dividend periods or if Suncorp Group’s fundamentals weaken. |
The latest news about Suncorp Group
Suncorp Group posts robust half-year financials with net profit and gross written premiums both rising. In the latest half-year results, Suncorp Group reported a net profit of AUD 1.1 billion, nearly doubling last year’s figure. Gross written premiums climbed 8.9% to AUD 7.5 billion, reflecting strong momentum in core insurance businesses. This exceeded analyst expectations and affirms Suncorp’s position as a top performer in the Australian general insurance market.
Digital transformation drives improved customer engagement and operational resilience for Suncorp Group. Recent disclosures confirm that 61% of Suncorp’s customer interactions are now digital, supporting margin expansion and cost efficiency. This accelerated digital adoption not only modernises Suncorp’s operating model but also enhances customer access and service—a key differentiator in Australia’s evolving insurance landscape.
Strategic market initiatives in Queensland expand Suncorp Group’s disaster management footprint and workforce. Suncorp Group opened a new catastrophe management centre in Brisbane and is expanding its Townsville presence with 120 new jobs. These local investments directly strengthen Suncorp’s natural disaster response and resilience, providing critical benefits to residents and reinforcing its community-centric focus.
Suncorp Group remains attractive for Australian investors with fully franked dividends and favourable tax treatment. Suncorp continues to deliver an annual dividend yield of 4.60%, fully franked—an important consideration for local investors seeking tax-effective income streams. Eligibility for superannuation funds and imputation credits further enhances the value proposition for resident shareholders.
Analyst consensus maintains a positive outlook for Suncorp Group with moderate upside potential. Despite recent short-term share price softness, market sentiment remains constructive, with most analysts maintaining a “buy” consensus and a target of AUD 21.75. This reflects continued faith in Suncorp’s strategic execution, core market strength, and the benefits of its streamlined, insurance-focused operations in Australia.
FAQ
What is the latest dividend for Suncorp Group stock?
Suncorp Group currently pays a fully franked annual dividend of AUD 1.00 per share, with a recent special dividend of AUD 0.22 paid in March 2025. The company is known for maintaining a consistent dividend policy with a solid yield, offering an attractive option for income-focused investors. Historically, dividends are paid twice yearly in March and September, subject to board approval and financial results.
What is the forecast for Suncorp Group stock in 2025, 2026, and 2027?
Based on the current price of AUD 20.81, the projected value for Suncorp Group is AUD 27.05 at the end of 2025, AUD 31.22 for 2026, and AUD 41.62 by the end of 2027. The outlook is supported by robust digital transformation initiatives and Suncorp’s dominant position in the Australian insurance market, which are expected to drive further growth.
Should I sell my Suncorp Group shares?
Holding on to Suncorp Group shares appears reasonable given the company’s resilient fundamentals and attractive dividend profile. Suncorp maintains a dominant market position in Australia, regularly delivers strong earnings, and is well placed to benefit from ongoing digital innovation and strategic growth. Given these factors, holding shares may be a strategic choice for investors seeking steady returns and long-term value.
Are Suncorp Group dividends eligible for Australian franking credits or other local tax schemes?
Yes, Suncorp Group dividends are fully franked for Australian tax residents, meaning investors receive valuable franking credits that reduce their personal income tax liability. Shares are also eligible for inclusion in superannuation funds, and capital gains from Suncorp Group are taxed under standard CGT rules, with discounts available for holdings longer than 12 months. This structure enhances the benefits for local investors seeking tax efficiency.
What is the latest dividend for Suncorp Group stock?
Suncorp Group currently pays a fully franked annual dividend of AUD 1.00 per share, with a recent special dividend of AUD 0.22 paid in March 2025. The company is known for maintaining a consistent dividend policy with a solid yield, offering an attractive option for income-focused investors. Historically, dividends are paid twice yearly in March and September, subject to board approval and financial results.
What is the forecast for Suncorp Group stock in 2025, 2026, and 2027?
Based on the current price of AUD 20.81, the projected value for Suncorp Group is AUD 27.05 at the end of 2025, AUD 31.22 for 2026, and AUD 41.62 by the end of 2027. The outlook is supported by robust digital transformation initiatives and Suncorp’s dominant position in the Australian insurance market, which are expected to drive further growth.
Should I sell my Suncorp Group shares?
Holding on to Suncorp Group shares appears reasonable given the company’s resilient fundamentals and attractive dividend profile. Suncorp maintains a dominant market position in Australia, regularly delivers strong earnings, and is well placed to benefit from ongoing digital innovation and strategic growth. Given these factors, holding shares may be a strategic choice for investors seeking steady returns and long-term value.
Are Suncorp Group dividends eligible for Australian franking credits or other local tax schemes?
Yes, Suncorp Group dividends are fully franked for Australian tax residents, meaning investors receive valuable franking credits that reduce their personal income tax liability. Shares are also eligible for inclusion in superannuation funds, and capital gains from Suncorp Group are taxed under standard CGT rules, with discounts available for holdings longer than 12 months. This structure enhances the benefits for local investors seeking tax efficiency.
