• Profit after tax of $1,823 million, up 52.3% from FY24
• Gross written premium of $15,009 million, up 6.3% from FY24
• Underlying insurance trading ratio (UITR) of 11.9%, in the top half of the target range

Suncorp Group Limited has reported a strong financial performance for the year ended 30 June 2025, with profit after tax of $1,823 million, up 52.3% from the prior year. The result was driven by the one-off gains on the sale of Suncorp Bank and the New Zealand life insurance business, as well as favourable natural hazard experience and positive investment returns. Gross written premium grew 6.3% to $15,009 million, reflecting the pricing response to claims inflation and a higher natural hazards allowance, although growth slowed in the second half as inflationary pressures eased and competitive activity increased in some portfolios. The underlying insurance trading ratio (UITR) improved to 11.9%, in line with guidance, primarily from the earn-through of price increases in response to higher input costs. The company's disciplined approach to capital management and robust capital position has enabled it to announce an on-market buy-back of up to $400 million, commencing in September 2025 and continuing through to the end of FY26.

For FY26, Suncorp expects gross written premium growth to be in the mid-single digits as pricing moderates in line with easing inflationary pressures. The underlying ITR is expected to be in the top half of the 10% to 12% range, supported by the continued earn-through of higher premium rates and improved reinsurance market conditions. The operating expense ratio is expected to broadly be in line with FY25, with an increasing proportion allocated to growing the business.

Suncorp's strategic focus as a pure-play general insurer is centred on tackling the challenges of insurance affordability and accessibility, and growing the business by advancing its work to modernise, innovate and improve customer outcomes with seamless digital experiences and more personalised product offerings. The company remains committed to returning excess capital to shareholders through a disciplined approach to active capital management.