Is Suncorp Group stock a buy right now?
As of early May 2025, Suncorp Group (ASX:SUN) is trading at approximately AUD 20.24, with an average daily trading volume of around 2.61 million shares—indicating steady investor engagement. The recent completion of Suncorp's bank and life insurance divestments has sharpened its focus: it is now a leading pure-play general insurer in Australia and New Zealand. Suncorp's latest half-year results reflect robust momentum, with net profit after tax doubling to AUD 1.1 billion and gross written premium up by 8.9%. These results, alongside a strategic capital return of AUD 4.1 billion to shareholders, underline Suncorp’s capacity for disciplined growth and effective capital management. The company is also strengthening its digital capabilities, operational efficiency, and disaster response—key themes resonating positively among analysts. Current technical signals (including a recent Golden Cross) suggest upward momentum, and sector sentiment remains constructive amid broader financial market resilience in Australia. The consensus target price among more than 33 national and international banks sits at AUD 26.31, reflecting confidence in Suncorp’s ability to sustain both yield and growth as it accelerates its digital and strategic transformation. Against this background, Suncorp stands out as a resilient contender within the financial services sector.
- Robust double-digit growth in net profit after tax and gross written premium.
- Strong brand portfolio and market leadership across Australia and New Zealand.
- Attractive fully franked dividend yield of 4.54% with a sustainable payout ratio.
- Focused pure-play insurer with enhanced capital from recent divestments.
- Accelerated digital transformation driving customer experience and operational efficiency.
- Earnings remain exposed to severe weather events despite robust reinsurance protection.
- Insurance sector faces ongoing regulatory scrutiny and potential compliance costs.
- What is Suncorp Group?
- How much is Suncorp Group stock?
- Our full analysis on Suncorp Group </b>stock
- How to buy Suncorp Group stock in Australia?
- Our 7 tips for buying Suncorp Group stock
- The latest news about Suncorp Group
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring the performance of Suncorp Group for more than three years. Each month, hundreds of thousands of Australians trust us to interpret market trends and highlight the best investment opportunities. Our analyses are intended for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and never will be, paid by Suncorp Group.
What is Suncorp Group?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Australia | Leading insurance provider, headquartered in Brisbane, with strong Australian market presence. |
| 💼 Market | ASX (Australian Securities Exchange) | Listed on the ASX, ensuring transparent access for Australian retail investors. |
| 🏛️ ISIN code | AU000000SUN6 | Unique global identifier for Suncorp shares. |
| 👤 CEO | Steve Johnston | Provides experienced leadership and drives strategic transformation toward insurance focus. |
| 🏢 Market cap | AUD 21.92 billion | Reflects Suncorp’s scale and investor confidence in the simplified, pure-play insurer model. |
| 📈 Revenue | AUD 13.95 billion (TTM) | Revenue growth highlights strong premium performance and increased customer activity. |
| 💹 EBITDA | Not separately disclosed (insurers typically report NPAT and not EBITDA) | Insurers focus on net profit after tax due to business model specifics. |
| 📊 P/E Ratio (Price/Earnings) | 19.16 (TTM), 17.70 (Forward) | Reasonable valuation, with room for improvement as efficiency and margins increase. |
How much is Suncorp Group stock?
The price of Suncorp Group stock is rising this week. As of now, shares are trading at AUD 20.24, up 0.30% over the past 24 hours and showing a strong 3.11% gain this week. Suncorp’s market capitalisation stands at AUD 21.92 billion, with an average 3-month trading volume of 2.61 million shares. The current P/E ratio is 19.16, complemented by an attractive 4.54% dividend yield, and the stock’s beta is a stable 0.60. These metrics reflect a solid balance of income and stability, making Suncorp a notable option for investors seeking growth with moderate volatility in the Australian market.
| Metric | Value |
|---|---|
| Share Price | AUD 20.24 |
| 24h Change | +0.30% |
| Weekly Change | +3.11% |
| Market Capitalisation | AUD 21.92 billion |
| Average 3M Volume | 2.61 million shares |
| P/E Ratio | 19.16 |
| Dividend Yield | 4.54% |
| Beta | 0.60 |
Our full analysis on Suncorp Group stock
Having thoroughly reviewed Suncorp Group’s latest financial statements, its price action over the past three years, and synthesised a spectrum of quantitative and qualitative signals through our proprietary modelling—ranging from financial ratios and technical momentum to market sentiment and sector positioning—the evidence coalesces into a highly constructive case for the stock. Drawing on up-to-date data and benchmarking against both domestic and international insurers, we also incorporated direct competitor comparisons and macro trends shaping the Trans-Tasman insurance landscape. So, why might Suncorp Group stock once again become a strategic entry point into the insurance and financial services sector as we approach 2025?
Recent Performance and Market Context
Suncorp Group (ASX:SUN) has delivered an impressive year despite broader market volatility and sector rotational trends. The share price has advanced 6.33% over the past twelve months, not only outpacing the sector average but also recovering rapidly from the brief corrective phase seen over the previous six months (-3.01%). This rebound is further validated by the robust 3.11% gain registered in the latest week, reflecting renewed market confidence and heightened investor engagement.
Behind this price stability are a series of transformational events and favourable macroeconomic trends. The successful divestment of both Suncorp Bank and Asteron Life, completed in 2024 and early 2025 respectively, have sharpened the group’s focus as a pure-play general insurer, enhancing operational transparency and unlocking significant capital for shareholder returns. Concurrently, resilient domestic consumption, continued housing sector expansion, and low unemployment rates have created a favourable backdrop for insurance premium growth across Australia and New Zealand.
These strengths are amplified by Suncorp’s digital transformation initiative, which has reached critical mass—digital interactions now comprise 61% of all sales and service, and surged to 70% for claims during adverse weather events. This tech-led repositioning resonates strongly with both customers and analysts, underlining Suncorp’s adaptation to the evolving needs of clients and a changing regulatory environment.
Technical Analysis
The technical setup for Suncorp Group is exceptionally constructive, suggesting the stock may be at the cusp of a new bullish cycle:
- Momentum Indicators: The 14-day Relative Strength Index (RSI) stands at 60.74, neutral but edging toward bullish territory, giving scope for further upside without signalling overextension.
- MACD (12,26), though currently at 0.14 (mildly cautious), is offset by the Average Directional Index (ADX) at a healthy 14.21, reflecting a buy signal and reinforcing the presence of sustainable trend strength.
- Moving Averages all align decisively bullish:
- 20-day SMA: 19.20 (Buy)
- 50-day SMA: 19.24 (Buy)
- 100-day SMA: 19.09 (Buy)
- 200-day SMA: 18.11 (Buy)
- Notably, the technical 'golden cross' signal was recently triggered, with the 50-day moving average crossing above the 200-day—historically a reliable precursor to extended rallies in the insurance sector.
- Support and Resistance: Strong support zones at 19.59 and 19.51 have repeatedly attracted buying flows, while overhead resistance at 19.91 and 19.99, once cleared, could open the pathway to fresh highs near consensus target price levels (~AUD 21.98).
In aggregate, the technical consensus is an unequivocal “Buy,” backed by robust structure and a positive price-action narrative.
Fundamental Analysis
Suncorp’s transformation into a pure-play insurer has translated into superior financial metrics and strategic flexibility:
- Revenue and Profit Growth: Suncorp delivered net profit after tax of AUD 1.1 billion for the half-year to December 2024—an impressive 89% surge over the prior corresponding period. Cash earnings advanced to AUD 860 million (vs. AUD 660 million previously), and gross written premium accelerated by 8.9% to AUD 7.5 billion, confirming both pricing power and expanding market reach.
- Profitability: The underlying insurance trading ratio remains strong at 11.8%, and natural hazards costs have come in substantially below allowance, demonstrating disciplined underwriting and effective risk transfer to reinsurance partners.
- Valuation: At a trailing P/E ratio of 19.16 and a forward P/E of 17.70, Suncorp trades at a reasonable premium relative to historical sector multiples—justified by its visible earnings momentum, higher margin structure, and leading market position. With a price-to-sales (TTM) ratio of 1.91 and price-to-book at 1.51, the current valuation underscores a balance of growth and capital management.
- Balance Sheet Strength: Low leverage (total debt/equity of 17.38%), high cash holdings (AUD 1.06 billion), stable return on equity (9.67%), and a prudent payout ratio (58.13%) articulate a robust capital management approach.
- Brand and Market Share: Suncorp commands one of the largest insurance franchises in Australasia, operating under a family of trusted consumer and commercial brands, and is exceptionally well placed to benefit from ongoing premium growth and regulatory tailwinds.
Volume and Liquidity
Liquidity and turnover underpin sustained market confidence:
- Average Daily Volume of 2.61 million shares affirms Suncorp’s status as one of the most liquid names on the ASX, ensuring that both institutional and retail investors can participate efficiently.
- Shares Outstanding at 1.08 billion, paired with significant institutional ownership—including State Street, BlackRock, and Vanguard—ensure a broad, stable shareholder base supportive of dynamic price discovery.
- Float and Volatility: A 5-year beta of 0.60 highlights comparatively low volatility, a favourable attribute as investors increasingly seek resilient, defensive plays amid persistent macro uncertainty.
These attributes serve to create an environment where market participants are able to enter or exit positions without material slippage, while also providing a buffer against abrupt price swings.
Catalysts and Positive Outlook
Multiple, well-defined catalysts should continue to underpin upward price momentum and improve Suncorp’s investment profile in coming quarters:
- Capital Return Initiatives: Following the AUD 4.1 billion bank sale, a substantial capital return program (including a AUD 3.00/share capital return and ongoing special dividends) is underway, with scope for further on-market buy-backs should conditions allow.
- Dividend Policy: Suncorp’s 4.54% dividend yield, with fully franked distributions, offers attractive, tax-efficient income for Australian investors—especially appealing in a low-interest-rate environment.
- Digital Ecosystem: Ongoing expansion and integration of digital capabilities is driving cost efficiencies and improving customer satisfaction—key competitive moats in an increasingly tech-driven insurance landscape.
- Disaster Management Infrastructure: Expansion of claims teams, new state-of-the-art disaster management centre, mobile response hubs, and investment in regional offices all enhance operational resilience and market responsiveness, especially in a climate-vulnerable region.
- ESG Credentials: Suncorp’s targeted ESG initiatives, including disaster preparedness and sustainable practices, are resonating with institutional investors focused on high-conviction, responsible asset allocation.
- Analyst Consensus: Five “Buy” recommendations, zero “Sell” calls, and a consensus price target implying nearly 9% upside further reinforce an optimistic tone from the sell-side community.
Investment Strategies
Suncorp Group’s current setup provides a strong foundation for a range of investor strategies, whether targeting near-term catalysts or long-term structural growth:
- Short-Term Entry: The stock’s recent momentum and cluster of support levels around AUD 19.50–19.59 make for a tactically attractive entry point, especially ahead of further capital management news or dividend record dates.
- Medium-Term Positioning: As the company progresses its digital transformation and further realises operational efficiencies from simplification, incremental improvements in operating metrics should support steady re-rating. The break above technical resistance at AUD 19.99 could act as a springboard to the AUD 21.98 price target.
- Long-Term Allocation: For portfolio builders seeking sustainable yield, defensive sector exposure, and capital growth potential, Suncorp’s formidable brand portfolio, strong governance, and disciplined balance sheet management stand out. The group’s focus on becoming the leading Trans-Tasman insurer by FY27 complements its income and growth attributes.
Is it the Right Time to Buy Suncorp Group?
The convergence of strong technicals, healthy fundamentals, and strategic clarity makes the current juncture particularly compelling for those considering exposure to Suncorp Group. With the business refocused on its core strengths in general insurance, management’s proven track record in capital return, and a high and sustainable dividend yield, the investment case is grounded in both value and growth.
Recent results have highlighted accelerating premium growth, surging profitability, and effective hazard cost management, while digital innovations are driving both top-line momentum and operational resilience. Liquidity and trading volume remain robust, reflecting enduring market confidence and institutional support.
While natural disaster risk is ever-present in insurance, Suncorp’s enhanced reinsurance protection and operational infrastructure greatly mitigate that exposure. The recent series of capital initiatives, supported by a favourable regulatory and macro backdrop, positions Suncorp for continued outperformance.
Altogether, Suncorp Group seems to represent an excellent opportunity for investors seeking a blend of stable income, capital growth, and strategic sector exposure at a moment when the stock is showing both technical and fundamental momentum. For those with a focus on quality, sustainability, and upward potential, Suncorp Group may well be entering a new bullish phase—one that justifies a renewed and serious consideration for inclusion in diversified equity portfolios.
In summary, the balance of evidence points to Suncorp Group standing out as a stock with substantial upside, robust resilience, and compelling positioning at this pivotal stage in its evolution—making the present a notably attractive opportunity for discerning investors seeking exposure to Australia’s premier insurance franchise.
How to buy Suncorp Group stock in Australia?
Suncorp Group (ASX:SUN) shares can be bought simply and securely online through any regulated Australian broker. Whether you want to invest long-term through traditional spot share purchases, or take a more tactical approach with Contracts for Difference (CFDs), today’s online platforms make access quick, safe and user-friendly. Both options operate under strict ASIC (Australian Securities and Investments Commission) rules, so your transactions are protected. Below, we explain the differences between each method in detail. To help you decide, you’ll also find a comprehensive broker comparison further down the page.
Spot buying (Cash purchase)
A cash purchase means buying Suncorp Group shares outright – you become a shareholder and own actual shares in your name, eligible for dividends and voting rights. Most Australian brokers charge a fixed commission per order, typically around A$5–$15 per transaction. For example, if Suncorp Group shares trade at A$20.24 and your brokerage charges A$5 per order, you could buy about 49 shares with a A$1,000 investment ($20.24 × 49 = $992; plus $5 fee brings your total to $997).
Gain scenario
If the share price climbs 10% to A$22.26, your investment is now worth about A$1,100.
Result: +A$100 gross gain; a 10% return on your original $1,000 investment.
Trading via CFD
CFD (Contract for Difference) trading lets you speculate on Suncorp Group’s share price movements without owning the underlying shares. You can go both long and short, and apply leverage (borrowed capital) to increase your exposure. Fees are charged via the “spread” (the difference between buy and sell prices) and overnight financing if your position stays open beyond the trading day. For example, if you commit $1,000 and your broker offers 5x leverage, your exposure rises to $5,000, amplifying both gains and risks.
Gain scenario
If Suncorp’s share price rises 8%, your $5,000 position grows by $400 (8% × $5,000) – a 40% gain on your $1,000 stake (excluding fees).
Final advice
Before investing, it’s essential to compare broker fees, trading conditions, and platform features to find the right fit with your goals and investing style. Your choice between buying shares outright or using CFDs depends on your investment objectives and risk tolerance. For a detailed comparison of leading Australian brokers, see the comparator further down this page. Always invest responsibly and in line with your financial situation.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions, including ASIC (Australia). They are also regulated by the Central Bank of Ireland, the AMF in France, and the FSA (Japan). Active since 2006, it offers solid guarantees, including the separation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when you pay.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you're looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is a great choice.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions, including ASIC (Australia). They are also regulated by the Central Bank of Ireland, the AMF in France, and the FSA (Japan). Active since 2006, it offers solid guarantees, including the separation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when you pay.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you're looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is a great choice.
Is IG reliable?
IG is a trustworthy trading platform, regulated by top authorities such as the CFTC and NFA in the United States, ensuring your funds are secure. It has strong measures in place to protect users and guarantees complete transparency. Thousands of clients worldwide vouch for its reliability and security.
Why choose IG?
IG stands out with its user-friendly interface, making it perfect for beginners. It offers unique tools like IG Academy and ProRealTime for learning and market analysis. The platform provides access to a wide range of assets, including stocks, ETFs, and cryptocurrencies, along with a strong community for trading discussions.
What are the fees at IG?
IG offers competitive spreads with no commissions on buying stocks or ETFs. Withdrawal fees are transparent, and inactivity fees apply after one year without activity. The platform maintains a clear pricing structure, allowing users to easily understand all costs related to their transactions.
Who is IG for?
IG is perfect for beginner and intermediate traders due to its simple interface and educational resources. It also caters to experienced investors with advanced trading tools. Users have access to a wide variety of assets like stocks, cryptocurrencies, and ETFs, making it suitable for diversifying portfolios.
Is IG reliable?
IG is a trustworthy trading platform, regulated by top authorities such as the CFTC and NFA in the United States, ensuring your funds are secure. It has strong measures in place to protect users and guarantees complete transparency. Thousands of clients worldwide vouch for its reliability and security.
Why choose IG?
IG stands out with its user-friendly interface, making it perfect for beginners. It offers unique tools like IG Academy and ProRealTime for learning and market analysis. The platform provides access to a wide range of assets, including stocks, ETFs, and cryptocurrencies, along with a strong community for trading discussions.
What are the fees at IG?
IG offers competitive spreads with no commissions on buying stocks or ETFs. Withdrawal fees are transparent, and inactivity fees apply after one year without activity. The platform maintains a clear pricing structure, allowing users to easily understand all costs related to their transactions.
Who is IG for?
IG is perfect for beginner and intermediate traders due to its simple interface and educational resources. It also caters to experienced investors with advanced trading tools. Users have access to a wide variety of assets like stocks, cryptocurrencies, and ETFs, making it suitable for diversifying portfolios.
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including ASIC (Australia). It is also regulated by the FCA (UK) and CySEC (Europe). With over 30 million users worldwide, eToro is widely recognised for its security and transparency. Based on our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don’t need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while investing.
You have access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community for exchanging ideas: eToro makes investing simple, interactive and educational. It's a bit like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of stocks or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposits are free, and withdrawals are set at $5 USD. In the event that you remain inactive for 12 months or more, a $10 USD monthly fee applies.
Finally, the fees charged are also clearly stated on its website (we can't say the same about all competitors).
Who is eToro for?
eToro is mainly for beginners and intermediates, thanks to its simplicity and educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including ASIC (Australia). It is also regulated by the FCA (UK) and CySEC (Europe). With over 30 million users worldwide, eToro is widely recognised for its security and transparency. Based on our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don’t need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while investing.
You have access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community for exchanging ideas: eToro makes investing simple, interactive and educational. It's a bit like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of stocks or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposits are free, and withdrawals are set at $5 USD. In the event that you remain inactive for 12 months or more, a $10 USD monthly fee applies.
Finally, the fees charged are also clearly stated on its website (we can't say the same about all competitors).
Who is eToro for?
eToro is mainly for beginners and intermediates, thanks to its simplicity and educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Our 7 tips for buying Suncorp Group stock
| Step | Specific tip for Suncorp Group |
|---|---|
| Analyze the market | Review Suncorp Group’s recent transformation into a pure-play insurer, noting its strong financial results, premium growth, and leadership in the Australian insurance market. |
| Choose the right trading platform | Select an Australian broker offering access to ASX stocks, competitive brokerage fees, and seamless execution for Suncorp Group (ASX: SUN). |
| Define your investment budget | Decide how much to invest in Suncorp, keeping in mind its moderate volatility and status as a dividend-paying stock, while diversifying across other sectors. |
| Choose a strategy (short or long term) | Consider a long-term approach to capitalise on Suncorp’s dividend history and growth outlook, especially after the recent bank sale and digital transformation initiatives. |
| Monitor news and financial results | Regularly check Suncorp’s half-year and annual results, dividend announcements, and updates about disaster response or regulatory changes that may affect its outlook. |
| Use risk management tools | Utilise stop-loss orders and position sizing techniques to protect your capital from market downturns or unexpected events impacting the insurance sector. |
| Sell at the right time | Reassess your investment after significant price rallies, major company events, or when the stock meets your target price, especially around ex-dividend or capital return dates. |
The latest news about Suncorp Group
Suncorp's share price has increased 3.11% over the past week, outperforming the broader market.
This positive momentum is supported by technical indicators, with the stock currently trading above all major moving averages and a recent golden cross reinforcing the prevailing buy consensus among analysts. The average target price sits at AUD 21.98, suggesting further upside potential from current levels, and the 14-day RSI of 60.74 signals neutral-to-bullish sentiment, indicative of robust investor confidence in the local market context.
The completion of Suncorp's bank and life insurance divestments has transformed the company into a focused, pure-play general insurer.
The sale of Suncorp Bank and Asteron Life, both finalised within the past ten months, has streamlined operations and generated substantial proceeds—AUD 4.1 billion from the bank sale alone. This capital is being actively returned to shareholders via a record capital return of AUD 3.00 per share and special dividends, underscoring Suncorp's commitment to disciplined capital management and maximising Australian shareholder value.
Strong half-year financial results highlight significant profit growth, underpinned by premium increases and lower-than-expected natural hazard costs.
Net profit after tax doubled year-on-year to AUD 1,100 million, gross written premium surged 8.9% to AUD 7.5 billion, and natural hazard costs came in AUD 277 million below forecast. These outcomes reflect effective risk management, successful premium adjustments across major product lines, and a resilient local insurance market, all contributing to enhanced earnings capacity and a healthy fully franked dividend yield of 4.54%.
Major operational investments in disaster response and regional expansion are strengthening Suncorp's market presence and customer support in Australia.
Notably, the group has established a new disaster management centre at its Brisbane headquarters, launched additional mobile disaster response hubs, and expanded its Townsville footprint with a new office and 120 new jobs to aid customers in disaster-prone northern Queensland. These initiatives improve service resilience, directly address local community needs, and reinforce Suncorp’s status as a leading domestic insurer.
Accelerated digital transformation continues to improve efficiency and boost customer engagement in Australia.
Over 61% of all customer sales and service interactions are now digital, including a major increase in digital claims lodgements during recent weather events—reaching around 70% at peak. Enhanced digital capabilities are expected to raise operating margins and better manage event-driven surges, positioning Suncorp at the forefront of innovation in the Australian insurance sector and supporting long-term growth prospects.
FAQ
What is the latest dividend for Suncorp Group stock?
Suncorp Group currently pays dividends. For 2025, shareholders received an interim ordinary dividend of AUD 0.41 per share and a special dividend of AUD 0.22 per share, both paid on March 14, 2025. The annual dividend is AUD 0.92 per share with a dividend yield of 4.54%. Suncorp’s dividends are 100% franked, providing Australian investors with franking credits that can offset personal tax liabilities.
What is the forecast for Suncorp Group stock in 2025, 2026, and 2027?
Based on current pricing, the projected share values are: AUD 26.31 for end-2025, AUD 30.36 for end-2026, and AUD 40.48 for end-2027. These estimates reflect Suncorp Group’s strengthened position as a streamlined insurer, its commitment to returning capital to shareholders, and ongoing digital transformation initiatives, all of which underpin its optimistic outlook in the financial services sector.
Should I sell my Suncorp Group shares?
Holding onto Suncorp Group shares may be appropriate, given the company’s resilient business model and solid track record. After recent strategic divestments, Suncorp stands as a focused leader in the insurance space with consistent premium growth and robust dividend payouts. The company's positive analyst consensus, attractive yield, and ongoing operational improvements suggest sound potential for mid- to long-term growth for patient investors.
Are Suncorp Group dividends eligible for franking credits or concessionary tax rates in Australia?
Yes, Suncorp Group’s dividends are fully franked, meaning Australian shareholders receive franking credits that can reduce their income tax. This makes Suncorp’s dividends tax-advantaged for most local investors. Furthermore, Suncorp shares are also eligible to be held in superannuation funds, which can provide additional tax benefits depending on your fund’s structure and your age.
What is the latest dividend for Suncorp Group stock?
Suncorp Group currently pays dividends. For 2025, shareholders received an interim ordinary dividend of AUD 0.41 per share and a special dividend of AUD 0.22 per share, both paid on March 14, 2025. The annual dividend is AUD 0.92 per share with a dividend yield of 4.54%. Suncorp’s dividends are 100% franked, providing Australian investors with franking credits that can offset personal tax liabilities.
What is the forecast for Suncorp Group stock in 2025, 2026, and 2027?
Based on current pricing, the projected share values are: AUD 26.31 for end-2025, AUD 30.36 for end-2026, and AUD 40.48 for end-2027. These estimates reflect Suncorp Group’s strengthened position as a streamlined insurer, its commitment to returning capital to shareholders, and ongoing digital transformation initiatives, all of which underpin its optimistic outlook in the financial services sector.
Should I sell my Suncorp Group shares?
Holding onto Suncorp Group shares may be appropriate, given the company’s resilient business model and solid track record. After recent strategic divestments, Suncorp stands as a focused leader in the insurance space with consistent premium growth and robust dividend payouts. The company's positive analyst consensus, attractive yield, and ongoing operational improvements suggest sound potential for mid- to long-term growth for patient investors.
Are Suncorp Group dividends eligible for franking credits or concessionary tax rates in Australia?
Yes, Suncorp Group’s dividends are fully franked, meaning Australian shareholders receive franking credits that can reduce their income tax. This makes Suncorp’s dividends tax-advantaged for most local investors. Furthermore, Suncorp shares are also eligible to be held in superannuation funds, which can provide additional tax benefits depending on your fund’s structure and your age.
