ASX:SUNInsurance
Suncorp Group (ASX:SUN) Shares Reflect Resilient Underwriting And Compressed Profit Margins
Suncorp Group heads into the post earnings trade with the stock at A$19.81 after a solid run over the past quarter, yet the real story sits in the income statement. Cash earnings of about A$1.04b and an underlying insurance trading ratio near the top of the 10% to 12% target band give a clearer read on the underwriting engine than the share price flicker.
For long term holders, the sharper question is whether that earnings quality and capital discipline justify paying a P/E of 20.4x. The rest...