Suncorp is a well-capitalised bancassurer with exposure to general insurance and banking markets.
Suncorp Group’s fiscal 2016 cash profit of AUD 1.1 billion was in line with our forecast and consensus, with only surprise being no special dividend. Medium-term guidance is unchanged as is our AUD 12 fair value estimate. The final fully franked dividend of AUD 0.38 per share takes total dividends to AUD 0.68 per share down an expected 11% on fiscal 2015. The payout of 80% is at the top end of the target 60%-80%. The result was supported by modest top line revenue growth (up 2.9%), high reserve ...Suncorp Group is engaged in the general insurance, banking, life insurance, superannuation products and related services to the retail, corporate and commercial sectors. Co.'s segments are: Personal Insurance, which include home and contents insurance, motor insurance and travel insurance; Commercial Insurance, which include commercial motor insurance, commercial property insurance and marine insurance; General Insurance, which include home and contents insurance, motor insurance, marine insurance; Bank, which include personal and commercial banking; and Life, which include financial planning and funds administration services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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