Suncorp Group Limited
HomeAll Profiles
July 1, 2020
Updated on:

Suncorp Group Limited

Revenue:
AUD 15,560 million (2019)
Profit:
AUD 195 million (2019)
Employees:
12,633 (2019)
GICS Industry Group:
Headquarters:
Brisbane, Queensland, Australia
Founded:
1902
Current CEO:
Steve Johnston (27 May 2019–)
Parent:
This is the ultimate parent

Description

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.

In Australian Dollars (AUD)
In Australian Dollars (AUD)
In Australian Dollars (AUD)
No items found.

Operating Segments:

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.

Mergers and Acquisitions:

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Signup to a free account to access M&A data!

Signup for FREE to access all mergers and acquisitions data!
BigDiscover is the only platform to offer M&A data completely for free!

Click Here to Signup for FREE
Copyright © 2020 BigDiscover. All rights reserved.