.
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
$20.32 |
Change
-0.670(3.19%) |
Mkt cap ! $22.00B | |||
| Open | High | Low | Value | Volume |
| $20.93 | $20.95 | $20.24 | $55.02M | 2.700M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 491 | $20.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.40 | 1127 | 2 |
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| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| SUN (ASX) Chart |