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:
Insurance Australia Group Limited
(2021
sales of 13.55 billion Australian Dollars [US$9.82 billion]
of which 61%
was Direct Insurance),
Challenger Ltd
(2.79 billion Australian Dollars [US$2.02 billion]
of which 69%
was Life), and
Medibank Private Ltd
(7.03 billion Australian Dollars [US$5.09 billion]
of which 95%
was Health Insurance).
Sales Analysis.
Suncorp Group Limited reported sales of A$14.19 billion (US$10.28 billion)
for the
fiscal
year ending
June of 2021.
This
represents
a
decrease of 4.0%
versus 2020, when the company's sales were A$14.77 billion.
The sales level in 2021 was fairly close to the level five years ago: in 2016, Suncorp Group Limited had sales
of A$15.49 billion.
Contributing to the drop in overall sales was the 96.8% decline
in Corporate, from A$407.00 million to A$13.00 million.
There were also decreases in sales in
Insurance (down 5.1% to A$9.95 billion)
and
Banking and Wealth (down 17.7% to A$1.96 billion)
.
However, these declines were partially offset by the increase in sales of
Suncorp New Zealand (up 3.3% to A$2.09 billion)
.