Report
David Ellis
EUR 100.00 For Business Accounts Only

Suncorp Showcases an Exciting Future, But Financial Services Is a Crowded Market. FVE Unchanged

No-moat-rated Suncorp Group’s annual investor day in Brisbane reinforced the group’s strategy to strengthen the business by diversifying revenue streams, increasing numbers of “connected” customers through broadening and deepening customer relationships. Suncorp expects increasing customer focus and improving customer satisfaction to deliver increased business momentum and contribute to more attractive earnings growth. Despite the strategy hype, we see increasing execution risk in a crowded mark...
Underlying
Suncorp Group Limited

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.

Provider
Morningstar
Morningstar

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.

Analysts
David Ellis

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