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Suncorp’s $1.3B Natural Hazards Hit: Can Underlying Margins Hold?
7:42am on Wednesday 18th of February, 2026 AEDT
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Financial Services
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Suncorp’s $1.3B Natural Hazards Hit: Can Underlying Margins Hold?
7:42am on Wednesday 18th of February, 2026 AEDT
Key Points
Net profit after tax falls to $263 million, down from $1.1 billion in 1H25
Natural hazard claims cost $1.3 billion, $453 million above allowance
Underlying insurance trading ratio remains strong at 11.7%
Gross written premium grows 2.7%, led by Consumer Insurance
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