Suncorp Group Future Growth

Future criteria checks 1/6

Suncorp Group is forecast to grow earnings and revenue by 11.5% and 1.3% per annum respectively. EPS is expected to grow by 12.6% per annum. Return on equity is forecast to be 12.7% in 3 years.

Key information

11.5%

Earnings growth rate

12.62%

EPS growth rate

Insurance earnings growth	7.1%
Revenue growth rate	1.3%
Future return on equity	12.74%
Analyst coverage	Good
Last updated	08 Apr 2026

Recent future growth updates

Recent updates

Weekly Picks: 💸 SUN's Insurance Dividends, NCH2's Hydrogen Exposure, and TSLA's Robotic Inflection Point

Jul 02

Suncorp’s Next Chapter: Insurance-Only and Ready to Grow

Jun 23As of 31 July 2024, Suncorp completed the sale of its banking division to ANZ, marking a significant strategic shift to become a pure-play insurance company. Almost a year into this transformation, it

Here's Why We Think Suncorp Group (ASX:SUN) Might Deserve Your Attention Today

Jun 11

Bank Sale Will Strengthen Focus On Core Insurance Operations

Feb 09 The transition to a pure-play insurer and digital modernization enhances operational focus, efficiency, and net profit margins.

Earnings and Revenue Growth Forecasts

ASX:SUN - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2028	14,881	1,344	1,580	1,574	7
6/30/2027	14,361	1,295	1,545	1,717	7
6/30/2026	13,967	901	1,110	1,797	8
12/31/2025	15,078	986	1,682	1,682	N/A
9/30/2025	15,017	1,273	2,116	2,116	N/A
6/30/2025	14,955	1,560	2,550	2,550	N/A
3/31/2025	14,448	1,441	4,328	4,328	N/A
12/31/2024	13,944	1,322	4,109	4,109	N/A
9/30/2024	13,478	1,131	3,303	3,303	N/A
6/30/2024	13,012	939	2,497	2,497	N/A
12/31/2023	10,565	594	-1,143	-1,143	N/A
9/30/2023	10,914	643	-134	-134	N/A
6/30/2023	11,262	692	875	875	N/A
3/31/2023	16,113	993	1,350	1,350	N/A
12/31/2022	15,017	845	1,962	1,962	N/A
9/30/2022	15,004	763	2,224	2,224	N/A
6/30/2022	14,990	681	2,485	2,485	N/A
3/31/2022	14,457	806	N/A	N/A	N/A
12/31/2021	13,923	931	3,814	3,814	N/A
9/30/2021	14,055	982	4,079	4,079	N/A
6/30/2021	14,187	1,033	4,344	4,344	N/A
12/31/2020	15,107	769	3,713	3,713	N/A
9/30/2020	14,938	698	3,557	3,557	N/A
6/30/2020	14,769	627	3,400	3,400	N/A
12/31/2019	15,187	1,027	3,838	3,838	N/A
9/30/2019	15,374	1,041	N/A	2,840	N/A
6/30/2019	15,560	1,054	N/A	1,842	N/A
12/31/2018	14,375	931	N/A	84	N/A
9/30/2018	14,283	944	N/A	-897	N/A
6/30/2018	14,190	956	N/A	-1,879	N/A
3/31/2018	15,107	947	N/A	-2,276	N/A
12/31/2017	16,024	938	N/A	-2,674	N/A
9/30/2017	16,710	1,007	N/A	-1,239	N/A
6/30/2017	17,395	1,075	N/A	195	N/A
3/31/2017	16,816	1,060	N/A	-174	N/A
12/31/2016	16,236	1,045	N/A	-543	N/A
9/30/2016	15,782	1,042	N/A	-1,637	N/A
6/30/2016	15,327	1,038	N/A	-2,732	N/A
3/31/2016	15,625	1,035	N/A	-2,129	N/A
12/31/2015	15,922	1,032	N/A	-1,527	N/A
9/30/2015	16,322	1,083	N/A	-984	N/A
6/30/2015	16,722	1,133	N/A	-441	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SUN's forecast earnings growth (11.5% per year) is above the savings rate (3.5%).

Earnings vs Market: SUN's earnings (11.5% per year) are forecast to grow slower than the Australian market (11.9% per year).

High Growth Earnings: SUN's earnings are forecast to grow, but not significantly.

Revenue vs Market: SUN's revenue (1.3% per year) is forecast to grow slower than the Australian market (6.2% per year).

High Growth Revenue: SUN's revenue (1.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SUN's Return on Equity is forecast to be low in 3 years time (12.7%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/04/11 12:58
End of Day Share Price	2026/04/10 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Suncorp Group Limited is covered by 22 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Andrew Adams	Barrenjoey Markets Pty Limited
Freya Kong	BofA Global Research
Andrew Scott	CGS International

Suncorp Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 10%

Consensus EPS estimates fall by 11%

Price target decreased by 8.1% to AU$23.04

Consensus EPS estimates fall by 11%

Price target increased by 7.0% to AU$16.38

Consensus forecasts updated

Recent updates

Consensus EPS estimates fall by 10%

First half 2026 earnings: EPS misses analyst expectations

Suncorp Group Limited Announces Interim Ordinary Franked Dividend for the Half-Year Ended 31 December 2025, Payable on 31 March 2026

New minor risk - Profit margin trend

Here's Why We Think Suncorp Group (ASX:SUN) Is Well Worth Watching

Suncorp Group Limited, Annual General Meeting, Sep 24, 2026

Consensus EPS estimates fall by 11%

Little Excitement Around Suncorp Group Limited's (ASX:SUN) Earnings

Here's Why We Think Suncorp Group (ASX:SUN) Is Well Worth Watching

Final dividend of AU$0.49 announced

Full year 2025 earnings released: EPS: AU$10.82 (vs AU$0.87 in FY 2024)

Suncorp Group Limited to Report Fiscal Year 2026 Results on Aug 12, 2026

Subdued Growth No Barrier To Suncorp Group Limited's (ASX:SUN) Price

New major risk - Revenue and earnings growth

Now 21% undervalued

Weekly Picks: 💸 SUN's Insurance Dividends, NCH2's Hydrogen Exposure, and TSLA's Robotic Inflection Point

Suncorp’s Next Chapter: Insurance-Only and Ready to Grow

Here's Why We Think Suncorp Group (ASX:SUN) Might Deserve Your Attention Today

Price target decreased by 8.1% to AU$23.04

Consensus EPS estimates fall by 11%

Investor sentiment deteriorates as stock falls 21%

First half dividend increased to AU$3.63

Suncorp Group Limited Announces Interim Ordinary Dividend for the Half-Year Ended 31 December 2024, Payable on March 14, 2025

First half 2025 earnings released: EPS: AU$0.66 (vs AU$0.46 in 1H 2024)

Bank Sale Will Strengthen Focus On Core Insurance Operations

Now 21% undervalued

Suncorp Group Limited, Annual General Meeting, Sep 25, 2025

Suncorp Group Limited Appoints David Whiteing as Non-Executive Director

Insufficient new directors

Group CEO exercised options to buy AU$4.3m worth of stock.

Suncorp Group Limited Announces Ordinary Dividend for Period Ended June 30, 2024, Payable on September 25, 2024

Final dividend of AU$0.44 announced

Full year 2024 earnings released: EPS: AU$0.74 (vs AU$0.91 in FY 2023)

Suncorp Group Limited Announces Leadership Changes

Australia and New Zealand Banking Group Limited (ASX:ANZ) completed the acquisition of SBGH Ltd. from Suncorp Group Limited (ASX:SUN).

Suncorp Group Limited, Annual General Meeting, Oct 22, 2024

Resolution Life NOHC Pty Limited signed a share sale and purchase agreement to acquire Asteron Life Limited from Suncorp Group Limited (ASX:SUN) for NZD 410 million.

First half 2024 earnings: EPS misses analyst expectations

Price target increased by 7.0% to AU$16.38

Suncorp Group Limited to Report Fiscal Year 2024 Results on Aug 01, 2024

Suncorp Group Limited Announces Ordinary Dividend on SUNPI - CAP NOTE 3-BBSW+2.90% PERP NON-CUM RED T-06-28 for the Quarter Ending March 17, 2024, Payable on March 18, 2024

Suncorp Group Limited Announces Board Changes

Suncorp Group Limited Announces Executive Changes

Suncorp Group Announces Departure of Suncorp Bank CEO, Clive Van Horen on December 24, 2023

Group CEO exercised options to buy AU$1.2m worth of stock.

Suncorp Group Limited Announces Ordinary Dividend for the Six Months Ended June 30 2023 Payable on 25 September 2023

Full year 2023 earnings released: EPS: AU$0.91 (vs AU$0.54 in FY 2022)

Suncorp Group Limited Announces Ordinary Dividend for the Quarter Ending September 17, 2023, Payable on September 18, 2023

Suncorp Group Limited Announces Dividend for Six Months Ended December 31, 2022, Payable on March 31, 2023

First half 2023 earnings released: EPS: AU$0.44 (vs AU$0.30 in 1H 2022)

Insufficient new directors

Suncorp Reportedly Eyes Zurich Local Arm

Suncorp Group Limited, Annual General Meeting, Sep 26, 2023

Now 20% undervalued after recent price drop

Independent Non-Executive Director recently bought AU$250k worth of stock

Independent Non-Executive Director recently bought AU$55k worth of stock

Group CEO exercised options to buy AU$709k worth of stock.

Now 22% undervalued after recent price drop

Suncorp Group Limited to Report First Half, 2023 Results on Feb 08, 2023

Full year 2022 earnings released: EPS: AU$0.54 (vs AU$0.81 in FY 2021)

Now 23% undervalued after recent price drop

Consensus forecasts updated

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

High number of new directors

Price target increased to AU$12.89

Price target increased to AU$12.81

Full year 2021 earnings released: EPS AU$0.81 (vs AU$0.49 in FY 2020)

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts