• Underlying earnings increased by 4.5% to $1.6 billion
• Gross Written Premium (GWP) grew by 2.7% on a constant currency basis
• Underlying insurance trading ratio at 11.8%, at the top end of the 10-12% target range
• Total expense ratio improved by 50 basis points to 18.1%
• $400 million buy-back completed in FY26, with an additional $250 million planned for FY27

Suncorp Group Ltd's FY26 results showed a 4.5% increase in underlying earnings to $1.6 billion, with gross written premium (GWP) growing by 2.7% on a constant currency basis. The underlying insurance trading ratio stood at 11.8%, at the top end of the 10-12% target range. The total expense ratio improved by 50 basis points to 18.1%, reflecting disciplined cost management and revenue growth. The company completed a $400 million buy-back in FY26 and plans to complete an additional $250 million buy-back by the end of FY27. Suncorp also announced a fully franked special dividend of 10 cents per share and a final dividend of 52 cents per share, representing a payout ratio of 71% of cash earnings.

FY27 GWP growth expected to be 3% to 5%, underlying insurance trading ratio in top half of 10-12% range

Suncorp expects FY27 GWP growth of 3% to 5%, driven by pricing in Consumer and Personal Injury portfolios, offset by softness in the commercial market. The underlying insurance trading ratio is expected to remain in the top half of the 10-12% range.