.
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
$21.07 |
Change
-0.110(0.52%) |
Mkt cap ! $22.81B | |||
| Open | High | Low | Value | Volume |
| $20.93 | $21.16 | $20.88 | $18.64M | 885.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1068 | $21.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.08 | 34 | 1 |
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| Last trade - 16.12pm 15/09/2025 (20 minute delay) ? |
| SUN (ASX) Chart |