Your browser version is no longer supported, so you may experience issues while using this site.
Please upgrade to a current browser to enjoy the best experience.

Building a more resilient Suncorp

03 August 2017

Suncorp shareholders will receive a final dividend of 40 cents a share for the six months to 30 June 2017, bringing the total dividend for FY17 to 73 cents a share, five cents higher than the previous year. 

This reflects a net profit after tax (NPAT) of $1,075 million, a 3.6% increase on 2016.

Suncorp said the total dividend represented a payout ratio of 81.9% of cash earnings, reflecting momentum in growth driven by the company’s refined strategy.

Key numbers

Insurance (Australia) delivered NPAT of $723 million, up 30%, due to strong top-line growth and lower claims.

Banking & Wealth delivered NPAT of $400 million, impacted by investment in the Core Banking and Wealth platforms to support Suncorp's strategy.

New Zealand achieved NPAT of A$82 million, impacted by claims costs associated with the Kaikoura earthquake and the associated reinsurance reinstatement expense.

What Suncorp said

Suncorp CEO & Managing Director Michael Cameron said over the past year, the One Suncorp operating model and refined strategy has driven improved growth.

"Our strategy is working. Together with our talented people, we are building a more resilient Suncorp and putting our customers at the centre of everything we do," he said.

Stay up to date with our latest news