2144 GMT - Suncorp's catastrophe allowance is less robust than IAG's, meaning it has less protection in adverse market conditions, signals Citi. "In our view, this highlights a key advantage for IAG versus Suncorp," analyst Nigel Pittaway says. After five months of FY 2026, Suncorp's perils costs are already 65-70% of its annual natural hazards allowance. That is despite progress in increasing hazards allowance over the years, Citi says. "We now allow for Suncorp to overrun its 1H hazards allowance even though we allow for its actual cost to be below its allowance for the remainder of the year as dropdowns etc kick in," Citi says. It retains a neutral call on the stock. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 27, 2025 16:44 ET (21:44 GMT)

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