Latest Natural Hazards News

Suncorp Group reported a 34% drop in net profit for FY26 to $1.03 billion amid elevated natural hazard costs but maintained strong margins and announced a $250 million share buyback and 10c special dividend.

Orezone Gold Corporation has resumed operations at its Quebec Casa Berardi mine following a brief wildfire-induced suspension, reaffirming its 2026 production guidance of up to 67,000 ounces while advancing maintenance work.

Suncorp has secured a disciplined FY27 reinsurance program featuring a $800 million annual aggregate cover over five years, while signalling higher reinsurance costs and a $250 million natural hazard cost overrun in FY26.

Suncorp’s first half of FY26 was marked by significant natural hazard claims costing $1.3 billion, yet the insurer maintained resilient underlying margins and a robust capital position.

Tower Limited has reported a record underlying profit for FY25, driven by improved claims ratios, customer growth, and strategic initiatives including expanded risk-based pricing. The insurer declared increased dividends and outlined a positive growth outlook for FY26.

Aeeris Ltd reported a profitable quarter with 13% revenue growth and launched its proprietary AWARE system, while navigating the departure of its founder and CEO.

Suncorp Group Limited reported a strong FY25 with record profits, driven by favourable natural hazard experience and strategic asset sales, while announcing a $400 million share buy-back and an optimistic outlook for FY26.

Suncorp Group reports a robust $1.82 billion net profit after tax for FY25, boosted by strategic divestments and strong insurance operations. The company announces a $400 million share buy-back as it sharpens focus on general insurance.

Suncorp Group delivers a robust FY25 result, boosted by strategic asset sales and strong insurance performance, while launching a $400 million share buy-back.

The ACCC has decided not to oppose Insurance Australia Group’s proposed acquisition of RACQ Insurance, finding that competition in Queensland’s motor and home contents insurance markets remains robust despite the deal.

Tower Limited reported a robust half year profit for 2025, driven by improved claims performance and premium growth in its home insurance portfolio, despite ongoing challenges from Canterbury earthquake claims and competitive motor insurance pricing.

Tower Limited has raised its FY25 underlying NPAT guidance to $70m–$80m, citing better-than-expected claims experience and favorable weather, while revising premium growth and expense ratio forecasts.