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
(2020
sales of 22.73 billion Australian Dollars [US$17.83 billion]
of which 30%
was INTERNATIONAL),
Genworth Mortgage Insurance Australia Ltd
(403.16 million Australian Dollars [US$316.20 million]
of which 100%
was Insurance & Related Activities), and
Insurance Australia Group Limited
(13.36 billion Australian Dollars [US$10.48 billion]
of which 109%
was Australia).
Sales Analysis.
Suncorp Group Limited reported sales of A$14.77 billion (US$11.59 billion)
for the
fiscal
year ending
June of 2020.
This
represents
a
decrease of 5.1%
versus 2019, when the company's sales were A$15.56 billion.
Contributing to the drop in overall sales was the 18.0% decline
in Banking and Wealth, from A$2.90 billion to A$2.38 billion.
There were also decreases in sales in
Insurance (down 8.4% to A$10.49 billion)
.
However, these declines were partially offset by the increase in sales of
Suncorp New Zealand (up 4.6% to A$2.02 billion)
and
Corporate (up 481.4% to A$407.00 million)
.