Who we are
Welcome to Suncorp. We're a leading financial services provider with approximately nine million customers, employing close to 13,300 people across Australia and New Zealand and $99 billion in assets.
We offer a broad range of products and services spanning banking, wealth management and insurance solutions from across our many brands including Suncorp, AAMI, GIO, Apia and Shannons, as well as those from our partners. Our focus is to provide choice and make it easier for our customers to meet their needs.
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Impairment losses to gross loans and advances
Impairment losses on loans and advances divided by gross loans and advances. The ratio is annualised for half years
Insurance (Australia) function
Suncorp's Insurance (Australia) business provides consumer, commercial, personal injury and life insurance products to the Australian market. Consumer insurance products include home and contents insurance, motor insurance and travel insurance. Commercial insurance products include commercial motor insurance, commercial property insurance, industrial special risk insurance, public liability and professional indemnity insurance. Personal injury insurance products includes CTP insurance and workers' compensation insurance
Insurance funds
Insurance funds explicitly back insurance liabilities. They are designed to match the insurance liabilities and are managed separately from shareholders' funds
Insurance Trading Ratio (ITR)
The insurance trading result expressed as a percentage of net earned premium
Insurance Trading Result
Underwriting result plus investment income on assets backing technical reserves
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