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Credit Suisse has downgraded the earnings forecasts for the two largest insurers in Queensland.
Suncorp and Insurance Australia Group Ltd (ASX:IAG) have been adjusted because of increasing reinsurance costs.
Full year earnings forecasts for IAG have been downgraded by 3 - 4 per cent, while full year earnings for Suncorp have dropped 11 percent.
On Wednesday Suncorp said it may incur additional reinsurance costs of around $120 million. Suncorp has the biggest exposure to Queensland's floods.
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Last
$8.67 |
Change
0.000(0.00%) |
Mkt cap ! $20.50B | |||
| Open | High | Low | Value | Volume |
| $8.62 | $8.67 | $8.54 | $19.30M | 2.231M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4788 | $8.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.68 | 157 | 1 |
View Market Depth
| Last trade - 16.11pm 15/09/2025 (20 minute delay) ? |
| IAG (ASX) Chart |