Slide 1: Financial Results
| Financial Results For the year ended 30 June 2025 14 August 2025 SUNCORP GROUP LIMITED ABN 66 145 290 124
Slide 2: FY25 Overview
FY25 Financial Results | 2 FY25 Overview Steve Johnston Chief Executive Officer & Managing Director
Slide 3: Purpose driven, delivering strong outcomes for the long term
FY25 Financial Results | 3 Purpose driven, delivering strong outcomes for the long term
Slide 4: Result snapshot
FY25 Financial Results | 4 Result snapshot Net profit after tax Cash earnings Underlying ITR $1,823m $1,486m $1,566m 11.9% pcp: $1,197m pcp: $1,372m 20% pcp: 11.1% Natural hazard experience Net investment returns Profit on sale of Bank and NZ Life $205m $766m $351m favourable to allowance pcp: $661m
Slide 5: Our impact – delivering for stakeholders
FY25 Financial Results | 5 Our impact – delivering for stakeholders CUSTOMERS COMMUNITIES TAXES $9.8bn $11.2m $541m total claims paid total community investment2 corporate income tax paid in FY25 17 natural hazard events1 FY24: $3.0bn taxes paid to or collected on ~123k natural hazard claims managed
Slide 6: Factors driving insurance pricing
FY25 Financial Results | 6 Factors driving insurance pricing NUMBER OF NATURAL HAZARD CLAIMS COST OF NATURAL HAZARDS NOTES (‘000s) ꟷ Managed around 660k natural hazard claims over the last five years ꟷ $820m increase in natural hazard allowance from FY21 to FY26 ꟷ Moderating reinsurance costs reflec
Slide 7: FY25 Financial Results
FY25 Financial Results | 7 FY25 Financial Results Jeremy Robson Chief Financial Officer
Slide 8: Result summary
FY25 Financial Results | 8 Result summary GROUP P&L SHAREHOLDER RETURNS FY24 FY25 Change ($m) ($m) (%) Consumer Insurance 424 686 61.8 $1.37 $0.90 $3.22 33.3% Commercial & Personal Injury 381 422 10.8 Cash earnings per Total ordinary Capital returned Total shareholder basic share2 dividend per share
Slide 9: General Insurance – underlying margin
FY25 Financial Results | 9 General Insurance – underlying margin UITR CONTRIBUTION BY PORTFOLIO UITR OUTLOOK KEY DRIVERS 11.9% (0.1%) Driver FY26 outlook Comments 0.8% 11.1% (1.2%) 1.3% Earn through of pricing increases in prior periods, Pricing, claims, expenses Tailwind future CTP pricing impacts
Slide 10: Consumer
FY25 Financial Results | 10 Consumer UITR WALK HOME AND MOTOR PORTFOLIO GROWTH 9.6% 14.4% 0.9% (0.3%) 8.1% 11.3% 1.6% (0.7%) 8.9% 9.5% 11.3% 7.1% 2.4% 1.8% 1.4% 0.4% 0.3% (0.1%) FY23 FY24 FY25 FY24 Natural Hazards Claims Expenses Investments FY25 Motor Units Home Units Motor AWP Home AWP NOTES FY25
Slide 11: Commercial & Personal Injury
FY25 Financial Results | 11 Commercial & Personal Injury GWP WALK UITR WALK – PORTFOLIO ($m) 4,224 37 14.5% (0.2%) 85 (4.0%) 10.3% 89 3,952 61 FY24 Platform Commercial Compulsory Workers’ FY25 FY24 Commercial Personal Injury FY25 Business (Tailored lines) Third Party Compensation GWP BY PORTFOLIO NO
Slide 12: New Zealand
FY25 Financial Results | 12 New Zealand GWP WALK UITR WALK (NZ$m) 19.4% 4 1.6% (0.4%) (54) 2,896 88 5.9% 2,858 12.0% 0.3% FY24 Home Motor Commercial FY25 FY24 Natural Hazards Claims Expenses Investments FY25 GWP BY BRAND AND PORTFOLIO NOTES ꟷ Growth driven by unit and pricing increases in Consumer,
Slide 13: Reinsurance
FY25 Financial Results | 13 Reinsurance FY26 REINSURANCE PROGRAM STRATEGIC REVIEW 6,300 ꟷ A strategic review of reinsurance structures explored a range of markets AUD350 and both traditional and alternative reinsurance structures, including New Zealand buydowns whole of account quota shares and aggr
Slide 14: Natural hazards
FY25 Financial Results | 14 Natural hazards FY25 NATURAL HAZARDS VS ALLOWANCE NATURAL HAZARDS RESILIENCE ($m) 1,770 ꟷ FY26 reinsurance program and NHA was modelled against natural hazard experience from the last 10 years 1,560 1,355 Seven out of the last 10 Cumulative favourability years would have
Slide 15: Investment market impacts
FY25 Financial Results | 15 Investment market impacts UNDERLYING YIELD (AU INSURANCE FUNDS) UNDERLYING YIELD (NZ INS. FUNDS) NOTES 5.2% 5.3% 5.1% ꟷ Higher investment income driven by positive 4.8% 4.9% 0.3% 0.5% mark-to-market movements and 0.4% 0.3% 1.0% 0.1% shareholders’ funds 0.5% 0.5% 0.7% ꟷ Mo
Slide 16: Operating expenses
FY25 Financial Results | 16 Operating expenses GENERAL INSURANCE OPERATING EXPENSES1 NOTES ($m; excluding restructuring, ESL and TEPL) ꟷ Grow the business increase primarily reflects investment in digital 1,751 transformation, including most notably the Digital Insurer program ꟷ Run the business exp
Slide 17: Capital
FY25 Financial Results | 17 Capital EXCESS COMMON EQUITY TIER 1 CAPITAL NOTES ($m) ꟷ Capital position supported by strong organic 4,878 generation, and capital released from the sale of the New Zealand life business ꟷ Fully franked ordinary dividend in line with policy ꟷ Capital usage in the general
Slide 18: Investment thesis
FY25 Financial Results | 18 Investment thesis Financial settings for long-term value creation % Profitable growth Strong and resilient risk adjusted returns Strong and well managed balance sheet Disciplined capital management Optimised Asset allocation Consistent Resilient capital Active capital rei
Slide 19: Strategic Outlook
FY25 Financial Results | 19 Strategic Outlook Steve Johnston Chief Executive Officer & Managing Director
Slide 20: Our transformation journey
FY25 Financial Results | 20 Our transformation journey SIMPLIFICATION Suncorp Life AU Capital S.M.A.R.T Wealth Suncorp Bank Suncorp Life NZ FINANCIAL RESILIENCE MARGINS NATURAL HAZARDS RESILIENCE RELIANCE ON RESERVE RELEASES GROW THE BUSINESS EXPENSES 11.1% 11.9% $1,560m 1.5% $448m 10.6% $376m 9.0%
Slide 21: Settings
FY25 Financial Results | 21 Settings Trans-Tasman general insurer with core insurance capabilities and disciplined balance sheet management Principles Capital management framework Our differentiators Manufacturer of risk products and Leading multi-brand manager with claims services Growth straight t
Slide 22: Best in class brands
FY25 Financial Results | 22 Best in class brands Differentiated brand propositions supported by digital fulfilment BRAND POSITIONING NOTES ꟷ Differentiated brand value propositions with tailored products and experiences to target different market National mass brand Qld leadership NSW quality and tr
Slide 23: Platform modernisation
FY25 Financial Results | 23 Platform modernisation Developing market leading, innovative customer products through simplified, modern platforms Data Fully cloud-based Policy Admin In progress Claims Next Pricing Well progressed Enterprise In progress POLICY ADMININSTRATION FLIGHT PLAN FY25 FY26 FY27
Slide 24: Operational transformation
FY25 Financial Results | 24 Operational transformation Delivering seamless, digital-first customer experiences enabled by AI, digitisation and automation TECHNOLOGY Technology Simple, straight through processes leveraging data and automation AI, digitisation and automation ꟷ 2.8m digital customer in
Slide 25: FY26 Outlook
FY25 Financial Results | 25 FY26 Outlook FY26 Outlook Gross written GWP growth expected to be in the mid-single digits as pricing premium moderates in line with easing inflationary pressures in some portfolios. Expected to be in the top half of the 10% to 12% range supported by Underlying the contin
Slide 26: Questions
FY25 Financial Results | 26 Questions
Slide 27: Important disclaimer
FY25 Financial Results | 27 Important disclaimer This presentation contains general information which is current as at 14 August 2025. It is information given in summary form and does not purport to be complete. It is not a recommendation or advice in relation to Suncorp Group Limited (Suncorp) or a