If somehow Suncorp is able to dissagregate their bank then they have a blue chip stable of insurance brands including AAMI, APIA, GIO, etc. So far, the doubt has justifiably been around the bank which lent money to all on spec and it backfired.
They should give the bank away for the value of bad debts......
If BOQ or anyone else helps to spin off the banking business then I will stay with the insurance stock, regardless of the uninformed talk of the odd storm affecting profit - the insurance company is huge, diversified and adequatly reinsured.
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