Key Points
Unless otherwise stated, information is correct as at 30 June 2008
- Suncorp is one of Australia's most diversified financial services groups.
- We are Australia's sixth largest listed bank and largest general insurance group by gross written premium.
- We have assets of over $94.2 billion.
- 35% of Australian households use our products and services
Financial Summary Suncorp Group
Balance Sheet
($b)
| |
June 2008 |
Dec 2007 |
June 2007 |
Dec 2006 |
| Total Assets |
94.2 |
91.8 |
84.7 |
61.8 |
| Total Liabilities |
81.8 |
79.4 |
72.3 |
56.9 |
| Shareholders Funds |
12.4 |
12.4 |
12.4 |
4.9 |
(for full details go to Financial Results)
Profit and Loss
($m)
| Full Year to June 2008 |
556 |
| Half Year to Dec 2007 |
382 |
| Full Year to June 2007 |
1,064 |
| Half Year to Dec 2006 |
527 |
| Full Year to June 2006 |
916 |
| Half Year to Dec 2005 |
454 |
| Full Year to June 2005 |
821 |
| Half Year to Dec 2004 |
413 |
| Full Year to June 2004 |
618 |
| Half Year to Dec 2003 |
281 |
| Full Year to June 2003 |
384 |
| Half Year to Dec 2002 |
155 |
| Full Year to June 2002 |
311 |
| Half Year to Dec 2001 |
154 |
| Full Year to June 2001 |
395 |
| Half Year to Dec 2000 |
189 |
| Full Year to June 2000 |
335 |
| Half Year to Dec 1999 |
157 |
| Full Year to June 1999 |
247 |
(for full details go to Financial Results)
Profit divisional contribution
(%, pre tax and Promina acquisition items)
| |
12 mths to
June 2008 |
6 mths to
Dec 2007 |
12 mths to
June 2007 |
6 mths to
Dec 2006 |
| Banking |
65.5 |
49.8 |
34.4 |
37.5 |
| General Insurance |
31.7 |
27.9 |
50.5 |
49.8 |
| Wealth Management |
3.1 |
20.3 |
13.9 |
12.7 |
| Other |
(0.3) |
2.0 |
1.2 |
0 |
(for full details go to Financial Results)
Banking Statistics
($m)
| |
12 mths to
June 2008 |
6 mths to
Dec 2007 |
12 mths to
June 2007 |
6 mths to
Dec 2006 |
| Net interest income |
1,030 |
484 |
910 |
454 |
| Net Banking fee income |
148 |
77 |
140 |
67 |
| Operating expenses |
(540) |
(245) |
(479) |
(235) |
| Banking profit before tax |
633 |
307 |
569 |
289 |
(for full details go to Financial Results)
Retail Banking - loan portfolio
($m)
| |
June 2008 |
Dec 2007 |
June 2007 |
Dec 2006 |
| Home Loans* |
27,247 |
25,265 |
23,795 |
22,377 |
| Consumer receivables |
863 |
1,185 |
1,063 |
894 |
| Total |
28,110 |
26,450 |
24,858 |
23,271 |
* includes securitised housing loans
Business Banking - loan portfolio
($m)
| |
June 2008 |
Dec 2007 |
June 2007 |
Dec 2006 |
| Commercial (SMEs) |
5,588 |
5,036 |
4,661 |
4,123 |
| Corporate |
3,828 |
3,267 |
2,575 |
2,022 |
| Development Finance |
5,915 |
5,000 |
3,541 |
2,950 |
| Property Investment |
5,573 |
4,566 |
4,363 |
4,071 |
| Lease finance |
2,419 |
2,468 |
2,396 |
2,301 |
| Agribusiness |
3,645 |
3,379 |
3,263 |
3,050 |
| Total |
29,968 |
23,716 |
20,799 |
18,517 |
Geographical breakdown - total lending
($m)
| |
June 2008 |
Dec 2007 |
June 2007 |
Dec 2006 |
| Queensland |
34,110 |
30,974 |
28,693 |
26,305 |
| New South Wales |
12,082 |
10,794 |
9,538 |
8,605 |
| Victoria |
6,701 |
5,815 |
5,263 |
4,869 |
| Western Australia |
2,757 |
2,455 |
2,071 |
1,745 |
| South Australia & Other |
332 |
301 |
287 |
290 |
| Total |
55,982 |
50,339 |
45,852 |
41,814 |
Securitisation
| Apollo Series 2002-1 Trust (as at 11 August 2008) |
Bond Factor |
Amount Outstanding |
| Class A-1 Notes |
10.60% |
$51,776,914.61 |
| Class B Notes |
30.24% |
$3,553,771.48 |
| Redraw Facility |
|
$385,000.00 |
| Owner occupied |
73.33% |
|
| Apollo Series 2002-2 Trust (as at 24 August 2008) |
|
|
| Class A-1 Notes |
0.00% |
$0.00 |
| Class A-2 Notes |
0.00% |
$0.00 |
| Class A-3 Notes |
25.80% |
$85,644,459.23 |
| Class B Notes |
33.50% |
$6,029,954.42 |
| Redraw Facility |
|
$635,000.00 |
| Owner occupied |
84.86% |
|
| Apollo Series 2003-IE Trust (as at 5 August 2008) |
|
|
| Class A-1 Notes |
14.60% |
$111,211,500.95 |
| Class A-2 Notes |
0.00% |
$0.00 |
| Class A-3 Notes |
0.00% |
$0.00 |
| Class B Notes |
44.00% |
$12,320,841.39 |
| Redraw Facility |
|
$825,000.00 |
| Owner occupied |
83.90% |
|
| Apollo Series 2003-2 Trust (as at 15 August 2008) |
|
|
| Class A-1 Notes |
0.00% |
$0.00 |
| Class A-2 Notes |
0.00% |
$0.00 |
| Class A-3 Notes |
89.92% |
$92,613,278.93 |
| Class B Notes |
47.15% |
$10,372,780.57 |
| Redraw Facility |
|
$700,000.00 |
| Owner occupied |
67.47% |
|
| Apollo Series 2004-IE Trust (as at 20 August 2008) |
|
|
| Class 1-A Notes |
17.52% |
$107,162,775.66 |
| Class 2-A Notes |
17.52% |
$73,841,777.71 |
| B Notes |
51.55% |
$20,206,288.87 |
| Redraw Facility |
|
$1,375,000.00 |
| Owner occupied |
78.90% |
|
| Apollo Series 2004-2 Trust (as at 8 April 2008) |
|
|
| Class A-1 Notes |
21.93% |
$147,753,691.31 |
| Class A-2 Notes |
0.00% |
$0.00 |
| Class A-3 Notes |
0.00% |
$0.00 |
| Class B Notes |
60.73% |
$15,971,540.68 |
| Redraw Facility |
|
$1,200,000.00 |
| Owner occupied |
79.73% |
|
| Apollo Series 2005-1E (as at 22 August 2008) |
|
|
| Class 1A Notes |
26.75% |
$267,539,593.14 |
| Class 2A Notes |
26.75% |
$249,910,328.56 |
| Class B Notes |
70.29% |
$46,391,275.15 |
| Redraw Facility |
|
$4,250,000.00 |
| Owner occupied |
79.73% |
|
| Apollo Series 2005-2 (as at 3 August 2008) |
|
|
| Class 1A Notes |
32.94% |
$256,165,990.32 |
| Class B Notes |
83.26% |
$18,650,110.53 |
| Redraw Facility |
|
$2,105,000.00 |
| Owner occupied |
78.46% |
|
| Apollo Series 2006-1E (as at 27 August 2008) |
|
|
| Class 1A Notes |
44.83% |
$665,747,512.48 |
| Class 2A Notes |
44.83% |
$425,899,082.06 |
| Class B Notes |
96.46% |
$63,954,738.93 |
| Redraw Facility |
|
$8,725,000.00 |
| Owner occupied |
76.86% |
|
| Apollo Series 2007-1E (as at 28 August 2008) |
|
|
| Class 1A Notes |
67.92% |
$762,984,317.29 |
| Class 2A Notes |
67.92% |
$888,323,924.95 |
| Class B Notes |
100.00% |
$70,100,000.00 |
| Redraw Facility |
|
$12,506,500.00 |
| Owner occupied |
83.03% |
|
| Apollo Series 2008-1R (as at 8 August 2008) |
|
|
| Class A Notes |
100.00% |
$2,290,600,000.00 |
| Class B Notes |
100.00% |
$96,200,000.00 |
| Class C Notes |
100.00% |
$213,200,000.00 |
| Redraw Facility |
|
$13,000,000.00 |
| Owner occupied |
81.99% |
|
Banking Capital Adequacy
| |
June 2008 |
Dec 2007 |
June 2007 |
Dec 2006 |
| Total Tier One |
3,430 |
2,760 |
2,703 |
2,331 |
| Total Tier Two |
1,023 |
1,133 |
360 |
952 |
| Total Capital Base |
4,453 |
3,893 |
3,063 |
3,283 |
| Total Assessed Risk |
42,650 |
35,900 |
31,063 |
28,955 |
| Risk weighted capital ratio |
10.44% |
10.84% |
9.86% |
11.34% |
General Insurance Statistics
($m)
| |
12 mths to
June 2008 |
6 mths to
Dec 2007 |
12 mths to
June 2007 |
6 mths to
Dec 2006 |
| Net Earned Premium |
5,866 |
2,945 |
5,723 |
2,860 |
| Net Incurred claims |
(4,081) |
(2,177) |
(3,649) |
(1,789) |
| Investment income – Insurance funds |
455 |
188 |
400 |
197 |
| Insurance Trading Result |
607 |
151 |
878 |
486 |
| Investment income – Shareholder funds |
(232) |
28 |
354 |
206 |
| General Insurance profit before tax |
307 |
172 |
1,223 |
699 |
| * Pro-forma basis |
Gross written premium
| |
12 mths to
June 2008 |
6 mths to
Dec 2007 |
12 mths to
June 2007 |
6 mths to
Dec 2006 |
| |
$m |
% |
$m |
% |
$m |
% |
$m |
% |
| Compulsory Third Party |
674 |
10.5 |
334 |
10.6 |
758 |
12.1 |
380 |
2.3 |
| Personal motor |
2,206 |
34.3 |
1,091 |
34.5 |
2,106 |
33.7 |
1,032 |
35.5 |
| Home |
1,391 |
21.6 |
700 |
22.2 |
1,290 |
20.7 |
640 |
20.8 |
| Commercial (inc. Worker's compensation) |
1,841 |
28.6 |
889 |
28.2 |
1,815 |
29.1 |
894 |
29.0 |
| Other |
318 |
5.0 |
142 |
4.5 |
277 |
4.4 |
137 |
4.4 |
| Total |
6,430 |
100 |
3,156 |
100 |
6,246 |
100 |
3,083 |
100 |
| * Pro-forma basis |
Solvency (as at 30 June 2008)
Internal Minimum capital requirement (MCR) coverage ratio (times) 1.68
General Insurance Investment Asset Allocations
| Shareholder Fund (June 2008) |
% |
| Cash and short-term deposits |
19 |
| Interest bearing securities |
35 |
| Australia equities |
34 |
| Overseas equities |
6 |
| Property and other |
6 |
| Insurance Funds (June 2008) |
% |
| Cash and short-term deposits |
13 |
| Interest bearing securities |
85 |
| Property and other |
2 |
Wealth Management statistics
($m)
| |
12 mths to
June 2008 |
6 mths to
Dec 2007 |
12 mths to
June 2007* |
6 mths to
Dec 2006* |
| Net profit after tax and minority interests |
111 |
103 |
241 |
138 |
| |
At 30 June
June 2008 |
At 31 Dec
Dec 2007 |
At 30 June
June 2007* |
At 31 Dec
Dec 2006* |
| Funds under management |
24,183 |
27,111 |
27,026 |
26,182 |
| * Pro-forma basis |
Group Ownership
Total number of shareholders: Ordinary shares - 228,466 (at 20 August 2008)
EIN information - Exchanging Instalment Noteholders - Series 2
First instalment of $4.00 paid November 1998
Final instalment of $3.10 paid 6 November 2000
Exchange date - 30 November 2001
Share price on exchange date - $13.34
Credit Ratings at September 2008
| |
Short Term |
Long Term |
Insurer Financial Strength General Ins |
Insurer Financial Strength Life & Super |
| S & P's |
A-1 |
A+ |
A+ |
A+ |
| Moody's |
| Bank Deposits |
P-1 |
AA3 |
n/a |
n/a |
| Senior Debt |
P-1 |
AA3 |
n/a |
n/a |
| Fitch Ratings |
F-1 |
A+ |
A+ |
A |
