.
Despite floods and storms, Suncorp Group (ASX:SUN) says its credit quality remained "relatively stable" during the first three months of this year.
The insurance company’s chief executive, David Foster, says the company isn't planning a further increase in its provision for bad debts.
Dow Jones wires report that the group raised the provision, by $35 million at its half-year result because of the deterioration in the Queensland economy caused by the flooding.
In February, Suncorp’s chief executive Patrick Snowball floods would cost the insurance sector $2.5 billion in claims.
Suncorp reported a profit of $227 million for the half year ending December 31, 2010.
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Last
$19.70 |
Change
0.030(0.15%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.59 | $19.71 | $19.48 | $35.18M | 1.789M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2065 | $19.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.70 | 80233 | 7 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
