Suncorp Group Limited (Suncorp) primarily provides insurance, banking and wealth products and services to retail, corporate and commercial customers in Australia and New Zealand.
The company's origins date back to 1902 with the founding of the Queensland Agricultural Bank. In 1996 Suncorp, owned by the Queensland Government and Queensland Industry Development Corporation (QIDC) merged with Metway Bank to create Suncorp Metway. In 2002, Suncorp Metway simplified its brand to Suncorp.
Suncorp Group Limited employs over 12,500 people and has approximately 9.6 million customers in Australia and New Zealand . Suncorp's registered office is located at Level 28, 266 George Street, Brisbane, Queensland, Australia.
Suncorp Group Limited is listed on the Australian Securities Exchange (ASX) under the code SUN.
Insurance - The insurance segment designs, manufactures and delivers general insurance products and services to customers in Australia. Products include home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, among others. For the financial year end 30 June 2019, the insurance segment accounted for 73.55% (AUD 11,444 million) of total revenue.
Banking and Wealth - The banking and wealth segment designs, manufactures and delivers banking, financial planning, and superannuation and fund administration services to customers in Australia. Products include commercial, agribusiness, small business, home and personal loans, savings and transaction accounts, and treasury products and services, among others. For the financial year end 30 June 2019, the banking and wealth segment accounted for 18.63% (AUD 2,899 million) of total revenue.
Suncorp New Zealand - Suncorp New Zealand designs, manufactures and delivers general and life insurance products to customers in New Zealand. Suncorp New Zealand's products include home and contents, motor, commercial property, public liability and professional indemnity, life, trauma, total and permanent disablement and income protection. For the financial year end 30 June 2019, Suncorp New Zealand accounted for 12.42% (AUD 1,932 million) of total revenue.
Corporate - The corporate segment is engaged in the investment of the Suncorp Group's capital, business strategy activities and group shared services. For the financial year end 30 June 2019, the corporate segment accounted for 0.45% (AUD 70 million) of total revenue.
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