Suncorp Group Epects Total Reinsurance Costs In FY27 To Be Above FY26

Suncorp Group Ltd ASX:SUN:

• TOTAL REINSURANCE COSTS IN FY27 ARE EXPECTED TO BE ABOVE FY26

• AGGREGATE COVER EXPECTED TO CAP NATURAL HAZARD COSTS AT A$1,850 MILLION FOR FY27 IN AROUND 90% OF SCENARIOS

• SEES GWP EXPECTED TO BE APPROXIMATELY 2.7% FOR FY26

• PLACED MAIN CATASTROPHE PROGRAM FOR FY27, MAINTAINS MAXIMUM EVENT RETENTION OF A$350 MILLION FOR FIRST, SECOND LARGE EVENT

• EXPECTS FY26 TOTAL INVESTMENT INCOME OF A$750 MILLION-$800 MILLION

• STEVE JOHNSTON WILL BE RETURNING FROM MEDICAL LEAVE EFFECTIVE MONDAY 6 JULY

• EXPECTS FY26 NATURAL HAZARD COSTS A$250 MILLION ABOVE ALLOWANCE

• JEREMY ROBSON, WHO HAS BEEN ACTING CEO, WILL RETURN TO HIS SUBSTANTIVE ROLE AS CFO