• Strong underlying profit growth, supported by one-off profit from sales, strong investment returns, and favourable natural hazards experience
• Total shareholder returns driven by improved return on capital and strong distributions
• Margin improvement in General Insurance driven by pricing increases, investment in natural hazard resilience, and optimisation of reinsurance program

Suncorp Group Ltd reported strong financial results for the year ended 30 June 2025, with cash earnings from continuing operations of $1.452 billion, up 43.5% from the prior year. Net profit after tax was $1.823 billion, a 52.3% increase, driven by strong underlying profit growth, one-off profits from the sale of Suncorp Bank and the New Zealand life business, as well as favourable natural hazards experience and robust investment returns.The company's General Insurance business saw a 43% increase in profit after tax, with the underlying insurance trading ratio (UITR) improving to 11.9% from 11.1% in the prior year. This was driven by the earn-through of price increases that reflected inflation and a higher natural hazards allowance, particularly in the Consumer and New Zealand portfolios. The Personal Injury business was impacted by higher loss ratios in Queensland and New South Wales CTP, but the company expects margin improvement as pricing continues to earn through, including increases in the key CTP portfolios.Suncorp's reinsurance program was optimised, with the placement benefiting from improved capacity in the reinsurance market and expected to be below the FY25 cost. The company also invested further in its natural hazard allowance to improve the resilience of its margin, with the FY26 allowance set at $1.77 billion.Shareholder returns were strong, with a total shareholder return of 33.3% and a total ordinary dividend of 90 cents per share, fully franked, representing a payout ratio of 71% of cash earnings. The company also announced a $400 million on-market share buyback, demonstrating its disciplined capital management and strong capital position.Looking ahead, Suncorp expects gross written premium growth in the mid-single digits for FY26, with the underlying insurance trading ratio expected to be in the top half of the 10-12% target range. The company remains committed to delivering a growing business with a sustainable return on equity above the through-the-cycle cost of equity, while maintaining a disciplined approach to active capital management.

Gross written premium growth expected to be in the mid-single digits in FY26. Underlying insurance trading ratio expected to be in the top half of the 10-12% target range. Prior year reserve releases in CTP expected to be around 0.3% of Group net insurance revenue. Operating expense ratio expected to be broadly in line with FY25.

Suncorp remains committed to delivering a growing business with a sustainable return on equity above the through-the-cycle cost of equity. The company will maintain a disciplined approach to active capital management, with a dividend payout ratio at the mid-point of the 60-80% range of cash earnings, weighted to the second half of the financial year. An on-market share buyback of up to $400 million will be in place from September 2025 through to the end of FY26.