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Suncorp Group Limited (ASX:SUN) has outlined the anticipated financial impact of Tropical Cyclone Marcia and associated flooding in Queensland.The Brisbane-based company says last month’s cyclone and the Brisbane hailstorm in November has placed pressure on the group’s return on equity target of 10 per cent this financial year.As a result CEO Patrick Snowball says it is disappointing Suncorp Group’s return on equity target will unlikely be met.The company expects claims from Tropical Cyclone Marcia to reach about 10,000, the majority of which will relate to damaged homes across Central Queensland.Suncorp Group improved its net profit by 15 per cent to $636 million in the first half of the 2015 financial year.
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Last
$20.06 |
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Mkt cap ! $21.69B | |||
| Open | High | Low | Value | Volume |
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| Last trade - 11.50am 11/08/2025 (20 minute delay) ? |
| SUN (ASX) Chart |