Suncorp Group Limited (AU:SUN) has released an update.
Suncorp Group Limited has reported the successful placement of its FY25 reinsurance program, maintaining stability in global reinsurance markets and aiming to balance cost, earnings, and capital volatility. The program’s structure remains robust, with protections for large events and a natural hazard allowance set to increase to $1.565 billion. These strategic moves, along with the completion of the Bank sale, are expected to have no significant impact on the Group’s target capital and continue to support Suncorp’s underlying insurance margin goals.
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