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Australian general insurer selling home, motor and business insurance under the Suncorp, AAMI, GIO and Apia brands, plus NZ insurance.
Australian general insurer selling home, motor and business insurance under the Suncorp, AAMI, GIO and Apia brands, plus NZ insurance.
Collects premiums on home, motor and business cover and earns an underwriting profit when they exceed claims and costs, plus returns on the investments held against future claims. It sold Suncorp Bank to ANZ in 2024 and is now a pure insurer.
In one line: Australia's Allstate/Progressive.
Moat: narrow (brand, scale, distribution). Multi-brand strategy captures different customer segments while sharing underwriting/claims scale.
Headquarters: Brisbane, Australia · Founded: 1902 · Employees: 11,500
Size Suncorp (SUN.AX) is an Australia Financials company (Multi-Line Insurance) with a market value of $14.9B, the 25th largest of 316 Australia companies the cockpit tracks. Shares closed at A$20.29 on 6 Nov 2026.
Performance Over six months the shares gained 21.2%, against +9.1% for the median peer and +4.1% for the Australia market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 2.9% over the last twelve months (peer median +7.2%); the operating margin is 9.2% (peer median 15.0%).
Valuation It trades at 2.08× book value against a peer median of 1.75× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 11.7%; Suncorp delivers 9.8%, so the price asks more than the business earns today.
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$16.4B | A$16.4B | A$16.8B | A$14.8B | A$12.8B |
| Revenue growth | — | -3% | +14% | +16% | — |
| Net income | A$1.03B | A$1.03B | A$1.52B | A$1.20B | A$1.07B |
| Free cash flow | A$1.58B | A$1.58B | A$2.70B | A$2.43B | A$370M |
| Capital expenditure | A$0 | A$0 | A$0 | A$0 | A$0 |
| Total debt | n/a | A$3.23B | A$3.40B | A$2.52B | A$26.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Suncorp SUN.AX | $14.9B | +21% | -3% | 10% | 2.08× | 11.7% |
| Insurance Australia IAG.AX | $14.4B | +17% | +9% | 14% | 2.87× | 13.1% |
| QBE Insurance QBE.AX | $27.7B | +19% | +3% | 19% | 2.37× | 11.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SUN.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.1% | +3.2% | 8th highest of 21 |
| 6-month return | +21.2% | +9.1% | 3rd highest of 21 |
| Return on equity | 9.8% | 16.9% | 5th lowest of 21 |
| Price / book | 2.08× | 1.75× | 7th most expensive of 21 |
| Trailing P/E | 22.3× | 12.5× | 5th most expensive of 20 |
| ROE the price implies | 11.7% | 10.4% | 10th most demanding of 21 |
| ROE delivered | 9.8% | 16.9% | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Suncorp SUN.AX | Australia | $14.9B | +21% | -3% | 10% | 2.08× | 11.7% | 9.8% |
| Brookfield Wealth Solutions BNT.TO | Canada | $14.9B | -8% | -18% | 1% | 0.70× | 9.4% | 0.7% |
| Gjensidige Forsikring GJF.OL | Norway | $14.7B | +9% | +7% | 30% | 5.73× | 19.1% | 29.9% |
| Mapfre MAP.MC | Spain | $14.1B | -2% | +5% | 12% | 1.26× | 8.4% | 12.4% |
| Powszechny Zaklad Ubezpieczen Spolka Akcyjna PZU.WA | Poland | $16.1B | +15% | +1% | 20% | 1.83× | 19.5% | 19.5% |
| ASR Nederland ASRNL.AS | Netherlands | $17.3B | +14% | +6% | 13% | 1.74× | 8.3% | 13.1% |
| CNA Financial CNA | United States | $12.8B | +9% | +2% | 10% | 1.25× | 7.2% | 9.6% |
| Aegon AGN.AS | Netherlands | $12.7B | +4% | +16% | 10% | 1.25× | 8.2% | 10.5% |
| Unum UNM | United States | $12.2B | -5% | -5% | 3% | 1.52× | 8.1% | 2.6% |
| Globe Life GL | United States | $12.1B | +4% | +6% | 21% | 2.08× | 11.7% | n/a |
| Aditya Birla Capital ABCAPITAL.NS | India | $11.5B | +8% | +24% | 12% | 2.56× | 41.9% | 12.1% |
| New China Life Insurance 1336.HK | Hong Kong | $21.5B | -24% | +44% | 42% | 0.87× | 10.3% | 42.3% |
| Legal & General LGEN.L | United Kingdom | $21.9B | +24% | +137% | 26% | 7.73× | 70.7% | 26.2% |
| Unipol Assicurazioni UNI.MI | Italy | $23.8B | +13% | +7% | 17% | 1.62× | 14.9% | 16.9% |
| Kinsale Capital KNSL | United States | $8.64B | +26% | +8% | 28% | 4.70× | 30.6% | 27.8% |
| China Taiping Insurance 0966.HK | Hong Kong | $8.28B | -24% | +19% | 36% | 0.63× | 8.1% | 36.2% |
| Helvetia Baloise HBAN.SW | Switzerland | $27.0B | +5% | +54% | 4% | 1.80× | 4.8% | 4.0% |
| Hiscox HSX.L | United Kingdom | $8.08B | +18% | +4% | 17% | 2.06× | 15.1% | 16.6% |
| W. R. Berkley WRB | United States | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% | 19.2% |
| Cincinnati Financial CINF | United States | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% | 16.9% |
| Lincoln National LNC | United States | $7.67B | +12% | +12% | 23% | 0.74× | 8.6% | 22.6% |