SUN 0.20% $19.59 suncorp group limited

Feb 14 (Reuters) - Suncorp Group Ltd (SUN) : IN FY20, SUNCORP...

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    Feb 14 (Reuters) - Suncorp Group Ltd (SUN) :

    • IN FY20, SUNCORP WILL INCREASE ITS NATURAL HAZARD ALLOWANCE FROM $720M TO $820M
    • SUNCORP'S FY19 UNDERLYING OPERATIONAL PERFORMANCE IS TRACKING IN LINE WITH EXPECTATIONS
    • NATURAL HAZARD COSTS FOR 1H19 OF $580M WERE $220M ABOVE ALLOWANCE OF $360M FOR HALF
    • INVESTMENT IN REGULATORY PROJECTS AND SYSTEM ENHANCEMENTS IN FY19 IS EXPECTED TO EXCEED ORIGINAL ESTIMATE OF ABOUT $90M BY $50M
 
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