Suncorp is a well-capitalised bancassurer with exposure to general insurance and banking markets.
Stark differences in performance of Australia’s two largest general insurers was evident in no-moat Suncorp Group’s disappointing first-half fiscal 2018 cash profit of AUD 472 million, down 19% on a year ago. All key numbers moved in opposite directions for the two insurers. Suncorp’s key data points turned down, including profit, insurance margin (both reported and underlying) and return on equity, or ROE, while Insurance Australia Group’s similar data points turned up. Suncorp’s first-half cas...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.
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