Suncorp Group Limited · ASX:SUN
Suncorp — H1 FY2026 Earnings Presentation
27 slides from Suncorp's earnings presentation, Feb 18, 2026
Slide 1: 1H26 Results Presentation
1H26 Results Presentation For personal use only 1
Slide 2: Welcome and introduction
For personal use only Good morning and welcome. Let me begin by acknowledging the traditional owners of the lands on which we meet and pay our respects to Elders – past and present. Today, I am joined by our CFO, Jeremy Robson to present our financial results for the first half of FY26. We will run
Slide 3: How long-term value is created at Suncorp
For personal use only I will start, as always, with a brief recap of how we believe long term value is created at Suncorp. Our purpose, delivered through our people, to support our customers and the community, in that order, will always result in a sustainable and growing business for our shareholde
Slide 4: Group result highlights
d y IT p d m p p $ m p p m p d m N m N d d y m p d p I m p y d d p p $37 m b p mp m b db yb k mm d yb k For personal use only I md d d mp d I d AI d P y $ 00m p y To d d ,I k d b ’ p d d to the extreme weather. T G p’ NPAT $ 3 m d $ 70 m well down compared to the prior period as we managed 9 separat
Slide 5: Business growth
G P m pp d by 0 d0 m p k p d ,p y p d k dp p b y b 7 70 k, m mm b P m dT d d d p b p d p d dN TP P I y N d mp d by mm m k y d p m p m p m d For personal use only 30 7 N A m m p p d p d P d N dd b On this slide I have focussed on growth across the business. At an aggregate level our business has deli
Slide 6: First half natural hazards profile
7 ,000 $ 3b 7 A N d m 3 ,000 , 00 p p mm , 00 N 0,300 $m 7 , 00 $70 m ,700 $ m For personal use only 3,300 $70m 7 0 7 , 00 $ m y A p mb b N mb mb N d $ 0m , I d d d m 3 T d d m d m m A b d T I m d p d d d m , d m T d m d p Given the significance of weather events over the half, I have included this
Slide 7: Customer and community response to events
3,300 d 0,000 m m p d y m d d m p p d m d pp 7 d mm P p p m p d p m p p N k I m For personal use only The financial cost of these events seriously underestimates their true impact on our communities. I’ b d many of the affected areas, d I’ k m d support our customers in the aftermath of these terrib
Slide 8: 1H26 Financial Results
For personal use only 1H26 Financial Results SUNCORP SUNCORP
Slide 9: Group result
b y mp d by d , p y m , p $ 0m m I 0 37 mm P I y 0 b dp d m d by b pN d m d p 3 G p d d m p I m m m d d 3 d y m y d m b m m N 33 mp d by m k m k m m p b N 3 3 p p m $700m mdp T ,b yb k m p I m 3 P y $ m 0 , p d PI p ,p y by m P md d p 3 m d For personal use only P md d p 7 A m 7 7 P p d d by b d d p
Slide 10: Underlying insurance trading ratio
p d d IT 0 , IT p d 0 m b d m d p ,p y by d b 0 PI p mp d by p p p p y d p 0 ,b p d m p TP p N d d p m yd by G P 7 p N p IT p 0 bp T d p For personal use only T d p d TP m d m d p ,m mp d d p IT T p 0 m mm N d P I y ’ b m d , d y m The UITR remained in the top half of our 10-12% range at 11.7%. Dyna
Slide 11: Gross written premium growth
G P m d b m d , d AA I N PI pp d by TP d b k mp mp d by b p m m d m mm p A dN d mp d by y d mp p , b m k G m d by p A d yp b m md mm d by p y d d m d P m d TP p dN d d k For personal use only 7 mp d P I y N b mm d p d d p p mp mm , AA G k b mm y m mm N d P I y d d I’ ky b m d Growth in the first hal
Slide 12: Insurance pricing cycles
by G P P d b d pp y ,b dp db k p m p p d by p d m m , d d P I y mm m d NTI P yd by dm d P m mm m d NTI y k d m p N m P m d d by b k p d p P d p b p p y y m d d p For personal use only p mm , y p p y dp d p p p y P T N mm p m p d b p N mm y p m p m k N , I’d k m dy p y k p , I’ d d d p b d – those wh
Slide 13: Consumer
0 7 7 3 3 0 00 0 0 0 0 m A P m A P m pp d by b d mp d For personal use only ,p y p 7 7 7 7 7 77 m d , k m P d d m 7 3 d y m mp dd by m m m , p d 3 I’ m d m In Motor, GWP increased 6% with good unit growth and moderating AWP, albeit with further pricing put through late in the half in response to ong
Slide 14: Commercial and Personal Injury
$m 00 , 03 3 33 07 , 0 P m mm mp y k mm P I y T d T dP y mp G P d by p TP N d , dd b k d P m , d d p y p d T d For personal use only P m k mp NTI mm TP N d y m p d m yd by mp P p y TP p P p y, by TP p TP A A T TP p d b , m G m m Next then to Commercial and Personal Injury. GWP performance was mixed,
Slide 15: New Zealand
N $m 3 , 07 0 , I m d d mm k db k I m d d mm m AA m b m AA m G P mp d by m k d mm d m k y G d AA d m b , m d For personal use only m b m p 3 3 3 m m d d mp d by b k db k AA I mm b d y m m d k m p d p , p d m d d dG P Turning then to New Zealand. The business continues to perform strongly from a prof
Slide 16: Natural hazards
$m $m , 00 , 00 ,000 7 ,770 , 00 7 0 7 , 00 , y A p mb b N mb mb , 00 , 00 ,000 N d ,p m y b dN mb 00 N d p y p d b 00 For personal use only m m d 00 kb k N p db 00 y d 0 7 0 3 p A A 0y m d d kb k d by d d p y p m, p d A d p m Now to natural hazards. I’ d y mp d by d d T p $1.319b was $453m above th
Slide 17: Reinsurance
,300 p mp d p p b A 3 0 p N d b yd N 00 p m m k p N d N k y b p m p y dm ,000 y, m m m d N m d $ 0m b d m , 00 pp d $ 0m d m k p d pp y dd G p pd 3 0 d p 0 For personal use only A pd 0 Next to the related topic of reinsurance. As previously flagged, we continue to review our program against our rein
Slide 18: Investment performance
d y m y d m 0 0 0 0 b m m mp d by m k 0 37 0 3 m k m m d d A d y y d mp pp m yd k 3 y d d d d y d d b d by p m m d p p y k d p d I y p d k d b d by d d , m d m d I For personal use only 7 37 3 I b I AAA AA A On to investment performance. The average underlying yield on insurance funds was lower than
Slide 19: Expenses
$m d , dT P p d mp p 3 p p m yd by m b 3 G b p p m y d yp p d I p m, m d d b p d d by y p p d y d p d ,p y by p d y mp m m m p p 3 For personal use only mm p 3 b G b I d N A $3 m , $ m Turning then to expenses. Operating expenses increased by 4%, whilst our total expense ratio reduced by a further 4
Slide 20: Capital
$m p p m $700m md p T 3 y k d d yd d d p y 3 7 0 p b b p y d d p d m 700 m k m m d m p b p p m yd by mp y N db mp d$ m m k b y b k, m d yb k m For personal use only p $ 00m d b b b k T NPAT d d GI p m k T mdp d y b yb k mdp p p d p d d d mp d p p m p b y And finally to Capital. Our capital position
Slide 21: Strategy and outlook
For personal use only d mm y k 21
Slide 22: Digital Insurer platform modernisation
For personal use only Thanks Jeremy. On this slide, I provide a quick update on our progress in delivering our Digital Insurer - platform modernisation program of work. At the bottom of the slide, I remind you of the progress we have made in re-platforming both our contact centre and pricing environ
Slide 23: Suncorp approach to AI
d , d AI b d m d m b dm d b d , p m d b y AI d AI m d p d yp , AI p m , IT mp dp d y P p d d y m k m b d pp y d p k d d d d by AI b , p d ,m d , db dp m d d For personal use only yp p , mb dd d AI p b p ,G b p p p d d y A dy G AI b dd b d m Before I move to the outlook, I wanted to update you on our
Slide 24: AI capabilities in core re-platforming
m d m mp y y m m pp mm p p p p d y m A m d d d d A m d y y m p A m d d d , m For personal use only p , m d m , d P m d d m d dd p p m d p , AI p b b d mp , b p b dy d p y d d mp m dm p Additionally, as I outlined on the previous slide, we continue to progress our broader technology roadmap, which is
Slide 25: FY26 outlook
G P p d b d b m md d y mm A dN d p d b p 0 pp d by d p m m mp p d m d PI d mN d pm TP p d b d0 3 G p p p d b pp m y 0bp b p p d b b b y p d b b y y p d pp p m m , p y d mdp 0 0 A m k b yb k p $ 00 m d b mp d by d p m mm d p d b d For personal use only To the outlook and I’d k emphasise a few of the
Slide 26: Summary
d d mp d p pp m y m p k y mp b p b d y m d p p m A p m m d d For personal use only p y m k So in summary, our team continues to rally around our purpose. ⎯ We are focussed on the needs of our customers, supporting them with best-in-class event response capabilities ⎯ Our brands are well supported an
Slide 27: Important information
T p m b y 0 I m mm y m dd p p b mp I mm d d pG p m d p yp d d by p y b d I d d b d p d p , dd k m b , d yp T db d d, p d , d d m pp p T p db d m p d A A T m p m y T m d m d d k m , m p ,b p p b d p ,m k d , p d d , p d y, p p d km m p d p d k m p m d k d k k d ,m y b y d p , m y d m y m p d mp d T b