.
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
$20.10 |
Change
0.560(2.87%) |
Mkt cap ! $21.76B | |||
| Open | High | Low | Value | Volume |
| $19.67 | $20.22 | $19.52 | $75.23M | 3.770M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2462 | $20.10 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.12 | 607 | 1 |
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| Last trade - 16.10pm 12/08/2025 (20 minute delay) ? |
| SUN (ASX) Chart |