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Suncorp Group Limited (ASX:SUN) has received approximately 23 thousand claims from customers affected by Ex-Tropical Cyclone Oswald in Queensland and New South Wales.
The insurer says its 30 per cent quota share arrangement will limit the net cost of claims to between $200 and $220 million.
Personal insurance CEO Mark Milliner says Suncorp already has assessors visiting homes and builders commencing re-construction work.
Suncorp has an allowance of $520 million for natural hazard events in fiscal 2013.
Suncorp posted a net profit of $728 million in the 2012 financial year.
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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 |