Given horrendous year for insurance Suncorp still posted a good profit, may be assisting current price.
Talk of structural changes etc also assist.
However, would suggest checking the base Reinsurance cost, and investment returns for the last 3/4 years, in the annual report.
The reinsurance costs will increase again with any large cyclones/floods/earthquakes etc, investment income was in line with global markets 10/11, the current global markets however are looking more like 2008 than 2010.
strength to strength, page-2
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Last
$19.61 |
Change
-0.040(0.20%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.72 | $19.84 | $19.59 | $10.96M | 557.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 2546 | $19.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.62 | 4265 | 32 |
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| Last trade - 13.39pm 03/12/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
