Suncorp Group Limited operates in the Fire, marine, and casualty insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Suncorp Group Limited with three other
insurance companies in Australasia:
QBE Insurance Group Limited
(2019
sales of 20.98 billion Australian Dollars [US$12.87 billion]
of which 28%
was INTERNATIONAL),
Insurance Australia Group Limited
(17.24 billion Australian Dollars [US$10.58 billion]
of which 81%
was Australia), and
Genworth Mortgage Insurance Australia Ltd
(438.49 million Australian Dollars [US$269.02 million]
of which 100%
was Insurance & Related Activities).
Sales Analysis.
Suncorp Group Limited reported sales of A$15.56 billion (US$9.55 billion)
for the
fiscal
year ending
June of 2019.
This
represents
a very small
increase of 0.7%
versus 2018, when the company's sales were A$15.45 billion.
Despite this increase, sales are still
below the level achieved in 2017, when Suncorp Group Limited
reported sales of A$17.40 billion.
The sales level in 2019 was fairly close to the level five years ago: in 2014, Suncorp Group Limited had sales
of A$16.37 billion.
Sales of Corporate saw an increase
that was more than double the company's growth rate: sales were up
268.4% in 2019, from
A$19.00 million to A$70.00 million.
Suncorp Group Limited also saw significant increases in sales in
Insurance (up 7.2% to A$11.44 billion)
and
Suncorp New Zealand (up 15.9% to A$1.93 billion)
.
Not all segments of Suncorp Group Limited experienced an increase in sales in 2019:
sales of Banking and Wealth fell 2.2% to A$2.90 billion.