Report
David Ellis
EUR 100.00 For Business Accounts Only

Suncorp's Life Insurance Sale Delayed Until End February 2019. FVE AUD 14.50 Intact

Suncorp Group has delayed the sale of its Australian life insurance business to Feb. 28, 2019 from the previous intended date of Dec. 31, 2018 due to the slower than expected approval from the Australian Prudential Regulation Authority, or APRA. The extraordinary general meeting for Suncorp shareholders to vote on the proposal for the pro rata return of capital and share consolidation is now expected to be held following the completion of the sale in late February. The EGM was previously schedul...
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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