Suncorp Group Ltd
SUN: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.hw | LOCK|kP< | LOCK|sS$HrxL |
Suncorp: GWP Growth Guidance Downgraded Again
Suncorp lowered its fiscal 2026 gross written premium, or GWP, growth guidance again, to around 2.7% from roughly 3% in April and 4% in February. The company pointed to softer conditions in New Zealand, especially commercial insurance, and slightly weaker demand in Australia. Shares fell 4%.
