Group comprises banking, insurance, financial planning,
investments & superannuation
Approximately 18,000 in Australia and New
Written Premium Income:
A$6.8 billion +
A$97.4 billion + across the group
Over 7,000,000 across the group
is Australia's third largest general insurance group. The general insurance business includes personal insurance
products such as home and contents and personal effects cover, motor and boat, compulsory third party insurance,
workers compensation and a range of commercial insurance products tailored to the small to medium business
market such as property, marine, rural and liability.
Suncorp's insurance operation contributed $172 million before tax for the half year to December
acquired AMP/GIO General Insurance in 2001 and AMP Ltd's 50 percent shareholdings in motor club insurance joint
ventures in RACQ (Queensland) and RAA (South Australia). Both of these joint ventures hold substantial market
shares in their respective states. These businesses run independently and in competition with Suncorp's existing
general insurance business.
Following the merger with Promina, Suncorp now serves more than 6 million general insurance customers
throughout Australia and New Zealand and provides personal and specialised insurances through well known brands
such as AAMI, Apia, Shannons and Just Car in Australia and Vero in New Zealand.
Suncorp-Metway Ltd is
one of Australia's top 25 listed companies and is Queensland's largest listed corporation. At 30 June 2008,
the Group was owned by over 228,000 shareholders.
The Suncorp Group is
Australia's 5th largest bank and at 30 June 2008 the largest general insurance group by gross written
acquisition of GIO and AMP's general insurance business in 2001 increased the customer base and diversified
the business mix with growth in personal and commercial insurance and workers compensation.
of the Promina Group in 2007 further diversified its general insurance and financial services businesses,
operating throughout Australia and New Zealand.
The Group also has a
50% share in RACQ Insurance Limited and RAA Insurance Limited, with the major motor clubs, RACQ (Qld) and RAA
Suncorp has a strong
market share in personal and commercial insurance lines nationally and in New Zealand.
provides a range of banking and insurance products directly to customers through an extensive branch and agency
network, call centre operations, on line facilities, and through intermediaries and corporate
GIO / AMP
NB: The above information has been taken from the subject
insurer's website and annual reports and is current as of March 2010. We accept no responsibility for inaccurate
information. This information should be used as an indication only.