How Suncorp’s $1.82bn Profit Signals a New Era in Insurance

• Net profit after tax of $1.823 billion including one-off gains from Bank and NZ Life sales
• Gross written premium growth to $15.009 billion with moderated premium increases
• Underlying insurance trading ratio improved to 11.9%, reflecting pricing and cost discipline
• Strong capital position with CET1 $997 million above midpoint; $400 million on-market buy-back planned