• Suncorp's FY25 performance demonstrates the strength and resilience of its business
• Successful completion of simplification journey with sale of Suncorp Bank and New Zealand Life
• Focused on improving insurance products and services across Australia and New Zealand

Suncorp Group Limited has announced its FY25 results, demonstrating the strength and resilience of its business built over the past five years. Following the successful completion of its simplification journey with the sale of Suncorp Bank and New Zealand Life, Suncorp's full focus as a pure-play general insurer is on improving the insurance products and services it offers customers across Australia and New Zealand. The company's strong set of results for the year included one-off profits on the sale of Suncorp Bank and New Zealand Life, significantly higher investment returns, and weather costs across Australia and New Zealand that were favourable to allowance by more than $200 million. Suncorp dealt with 17 declared weather events and more than 120,000 natural hazard claims this year. The company recognizes the cost pressures businesses and households continue to experience, including the impact of premium increases in recent years, and is pleased to see the increases in customer premiums continue to moderate as supply chain inflation eases and reinsurance markets stabilize. Suncorp's strategic focus as a pure-play general insurer is centered on tackling the challenges of insurance affordability and accessibility and growing its business by advancing its work to modernize, innovate, and improve customer outcomes with seamless digital experiences and more personalized product offerings. The company's disciplined approach to capital management and robust capital position have 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.

Gross Written Premium (GWP) growth expected to be in the mid-single digits as pricing moderates in line with easing inflationary pressures in some portfolios. Underlying ITR expected to be in the top half of the 10% to 12% range supported by the continued earn-through of higher premium rates from prior periods and improved reinsurance market conditions. Operating expenses ratio expected to broadly be in line with FY25 with an increasing proportion allocated to growing the business. Delivering a growing business with a sustainable return on equity expected to be above the through-the-cycle cost of equity.

Suncorp remains committed to returning capital in excess of the needs of the business to shareholders. The company will undertake an on-market share buy-back of up to $400 million during FY26, commencing in September 2025.