Market Chatter: Suncorp Group's First Half Catastrophe Costs, Investment Returns Expected to Lead to 7% Decline in Fiscal 2026 Earnings Per Share, UBS Says

MT Newswires Live
Jan 13

Suncorp Group's (ASX:SUN) first half of 2026 catastrophe costs and investment returns are expected to lead to a further 7% decline in fiscal year 2026 earnings per share forecast and total decline of 34% since Sept. 30, 2025, said UBS analyst Kieren Chidgey, according to The Australian Financial Review on Tuesday.

Improved home insurance pricing, low second half of 2026 catastrophe exposure, stronger margins in New Zealand, and higher yields on technical reserves lead to strong fiscal year 2027 earnings expectations.

UBS maintained Suncorp's price target of AU$20.85 per share.

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