May 11 (Reuters) - Suncorp Group Ltd (SUN) :
- FY20 GROUP COSTS TO BE SLIGHTLY ABOVE $2.7 BILLION INCLUDING PAY AND LEAVE ENTITLEMENTS REMEDIATION
- NET IMPACT OF MTM ADJUSTMENTS WAS A $205 MILLION LOSS (PRE-TAX) FROM 31 DEC 2019 TO 31 MAR 2020
- "EXPECTS AN INCREASE IN LOSS OF RENTAL INCOME CLAIMS FREQUENCY AND SEVERITY"
- COVID-19 WILL HAVE SIGNIFICANT IMPACT ON CONSUMER MOTOR CLAIMS FREQUENCY
- COVID-19 WILL ALSO HAVE A SIGNIFICANT IMPACT ON CONSUMER MOTOR CLAIMS FREQUENCY AND LANDLORD LOSS OF RENT CLAIMS
- PRELIMINARY ESTIMATE OF COSTS TO REMEDIATE THOSE ELIGIBLE FOR ADDITIONAL PAYMENTS IS BETWEEN $40 - $70 MILLION
- COVID-19 NOT EXPECTED TO HAVE AN IMPACT ON LIFE INSURANCE CLAIMS IN NZ
- WILL RECOGNISE CIRCA $90M (AFTER TAX) NON-CASH IMPAIRMENT CHARGE FOR FY20
- IN RESPONSE TO COVID-19, SUNCORP BANK HAS INCLUDED A $133 MILLION MANAGEMENT OVERLAY WITHIN COLLECTIVE PROVISION
- RECEIVED THOUSANDS OF REQUESTS FOR FINANCIAL HARDSHIP FROM BOTH BANK & INSURANCE CUSTOMERS
- APPROVED $4.05 BILLION IN LOAN DEFERRALS
May 11 (Reuters) - Suncorp Group Ltd (SUN) : FY20 GROUP COSTS...
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Mkt cap ! $22.30B | |||
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