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
(2020
sales of 13.36 billion Australian Dollars [US$9.52 billion]
of which 109%
was Australia),
Nib Holdings Limited
(2.51 billion Australian Dollars [US$1.79 billion]
of which 82%
was Austrlian Residents Health Insurance), and
Medibank Private Ltd
(6.77 billion Australian Dollars [US$4.82 billion]
of which 97%
was Health Insurance).
Sales Analysis.
Suncorp Group Limited reported sales of A$14.77 billion (US$10.52 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)
.