Annual Review 2015/16

In 2015/16, Suncorp Group’s net profit after tax (NPAT) was $1,038 million. This solid result was achieved despite global market volatility, an increase in the cost of settling claims following a record run of natural hazard events in 2015 and the impact of the lower Australian dollar. The Group’s performance has been realised through refining the strategy to invigorate growth and driving more resilience to volatility. This includes elevating the role of the customer and recalibrating costs.


General Insurance

Delivered NPAT of $624 million demonstrating the business’s resilience despite the financial impact of weather events.

Suncorp Bank

Significantly improved its earnings with profit after tax of $393 million, while executing major transformation programs including updating the core banking system.

Suncorp Life

Profit after tax was $142 million. Underlying profit was above target at $124 million, outperforming expectations with favourable claims and lapse experience.

Financial highlights

Group NPAT

$1,038m

General Insurance NPAT

$624m

Bank NPAT

$393m

Life underlying NPAT

$124m