Full Year Results and Annual Report 2023-24

Full Year Results and Annual Report 2023-24


Our focus on continuing to improve the customer experience will remain core to our success, while we will look to be a leading voice on advocating for measures that improve resilience to natural hazards to protect people, and address insurance affordability and the important issue of climate change.

While it is a new era for Suncorp as a pureplay insurer, our purpose to build futures and protect what matters for our people, customers and communities remains unchanged.

#Performance Highlights


$1,197m


pcp $1,071m

Group NPAT

$1,235m


$125m below allowance

Natural Hazards

$661m


pcp $451m (i)

Net investment returns

$14.1bn


^13.9% (ii)

General Insurance GWP

$57.0bn


^4.0%

Bank Home lending

78 cents


72% payout ratio

FY Dividend per share

i Net investment income is investment income on insurance funds and shareholders’ funds and discount unwind and market rate adjustments on claims liabilities.

ii All changes refer to the prior corresponding period unless otherwise stated.