Suncorp Group Limited

ASX:SUN Stock Report

Market Cap: AU$20.2b

Suncorp Group Management

Management criteria checks 3/4

Suncorp Group's CEO is Jeremy Robson, appointed in Mar 2026, has a tenure of less than a year. total yearly compensation is A$2.60M, comprised of 35.8% salary and 64.2% bonuses, including company stock and options. directly owns 0.015% of the company’s shares, worth A$3.03M. The average tenure of the management team and the board of directors is 1.8 years and 6.8 years respectively.

Key information

Jeremy Robson

Chief executive officer

AU$2.6m

Total compensation

CEO salary percentage35.83%
CEO tenureless than a year
CEO ownership0.01%
Management average tenure1.8yrs
Board average tenure6.8yrs

Recent management updates

Recent updates

Narrative Update • Jul 07

SUN: Future Returns Will Rely On Reinsurance Cover And Steady Capital Returns

Analysts lifted their Suncorp Group price target from A$18.79 to A$19.19, citing expectations that underlying margins will sit within the 10% to 12% target range and support solid ROTE, while also highlighting that the current valuation is closer to historical averages. What’s in the News for Suncorp Group Suncorp Group shares have risen for two consecutive days, with trading outperforming the broader Australian share market and the financial sector as attention builds ahead of the full-year FY26 update on 12 August.
Narrative Update • Jun 16

SUN: Future Returns Will Rely On Breakout Momentum And Steady Dividend Delivery

Analysts have made a small upward adjustment to the Suncorp Group price target, lifting it by about A$0.06 to reflect minor updates to fair value, discount rate, revenue growth, profit margin and forward P/E assumptions. What’s in the News for Suncorp Group Suncorp Group shares recently confirmed a bullish Inverse Head & Shoulders breakout on the daily chart, with the move above a key neckline level pointing to a new medium term technical trend, according to recent technical analysis reports.
Narrative Update • Jun 02

SUN: Future Returns Will Rely On Leadership Continuity And Steady Dividend Delivery

Analysts have slightly reduced Suncorp Group's price target to around A$18.73 from about A$18.74, citing marginal adjustments to the discount rate, long term profit margin assumptions and the future P/E multiple used in their models. What's in the News Suncorp Group announced that CEO Steve Johnston will take a short period of temporary leave as he recuperates from a medical procedure.
Narrative Update • May 04

SUN: Future Returns Will Depend On Leadership Stability And Dividend Delivery

Analysts have nudged their Suncorp Group price target higher to around A$18.74 from about A$18.29, reflecting updated assumptions around fair value, slightly different long term revenue growth expectations, and modest changes to projected profit margins and future P/E levels. What's in the News CEO Steve Johnston is taking a short period of temporary leave to recuperate from a medical procedure, with current CFO Jeremy Robson stepping in as Acting CEO during this time (Key Developments).
Narrative Update • Apr 16

SUN: Future Returns Will Rely On Earnings Delivery And Dividend Stability

Analysts have nudged their price target for Suncorp Group slightly higher from about A$18.18 to around A$18.29, citing updated assumptions on revenue, profit margins and future P/E as the key drivers of this small adjustment. What's in the News CEO Steve Johnston is taking a short period of temporary leave to recuperate from a medical procedure, with current CFO Jeremy Robson stepping in as Acting CEO during this time (Key Developments).
Narrative Update • Apr 02

SUN: Future Upside Will Hinge On Earnings Delivery And Dividend Support

Analysts have made a small downward adjustment to Suncorp Group's assessed fair value to about A$18.18 per share, citing a minor refinement in profit margin and forward P/E assumptions, while also pointing to recent research that highlights what is viewed as a compelling valuation at current share levels. Analyst Commentary Recent commentary from Goldman Sachs, alongside the updated fair value of about A$18.18 per share, gives you a clearer view of how the market is framing Suncorp Group at current prices.
Narrative Update • Mar 18

SUN: Future Confidence Will Rely On Earnings Execution And Dividend Support

Analysts have trimmed the Suncorp Group fair value estimate slightly from A$18.21 to A$18.20, citing updated assumptions on revenue growth, profit margins and future P/E. They also note that recent Street research views the current share price as offering a compelling entry point.
Narrative Update • Mar 04

SUN: Upgraded Buy Rating And Dividend Outlook Will Support Future Confidence

Analysts have trimmed their fair value estimate for Suncorp Group from A$19.14 to A$18.21, citing updated assumptions on revenue growth, profit margins and future P/E, even as recent research highlights what is seen as a compelling valuation at current share levels. Analyst Commentary Recent research updates on Suncorp Group reflect a mix of optimism on valuation and caution around execution, which helps explain why some fair value estimates have been trimmed even as others see room for upside.
Narrative Update • Feb 18

SUN: Reaffirmed Buy Rating Will Support Future Earnings Confidence

Analysts have maintained their A$20 price target for Suncorp Group, with the unchanged fair value estimate of A$19.14 supported by views that its current share price offers what they see as a compelling entry point. Analyst Commentary Bullish Takeaways Bullish analysts point to the reaffirmed A$20 price target as support for what they view as upside potential relative to the current share price.
Analysis Article • Feb 10

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

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Narrative Update • Feb 04

SUN: Upgraded Buy Rating Will Support Future Earnings And Margin Conviction

Analysts have reduced their fair value estimate for Suncorp Group from A$19.70 to A$19.14, citing updated assumptions for profit margins and future P/E. They still view the current share price as offering compelling value.
Narrative Update • Jan 20

SUN: Fair Value Will Stay Appealing As Goldman Buy Rating Supports Upside

Analysts have trimmed their fair value estimate for Suncorp Group from A$20.34 to A$19.70, while still pointing to current share levels as attractive based on recent research support. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the latest fair value cut to A$19.70 still sits close to the A$20 price target.
Narrative Update • Jan 05

SUN: Fair Value Will Remain Attractive As Profitability Expectations Hold Steady

Analysts have trimmed their price target for Suncorp Group to A$20.34 from A$20.54, reflecting updated assumptions around revenue growth, profit margins, and future P/E that are now slightly lower in their models. Valuation Changes Fair Value: trimmed slightly from A$20.54 to A$20.34, reflecting modestly lower model outputs.
Narrative Update • Dec 16

SUN: Fair Value Outlook Will Stay Strong As Margin Prospects Improve

Analysts have slightly reduced their price target for Suncorp Group, trimming fair value by about $0.12 per share to approximately $20.54. This reflects marginally softer long term growth assumptions that are only partly offset by a modest improvement in expected profit margins and future valuation multiples.
Narrative Update • Dec 02

SUN: Fair Value Outlook Will Remain Robust As Key Metrics Hold Steady

Analysts have lowered their price target for Suncorp Group from $21.69 to $20.66, reflecting an updated outlook that incorporates slightly reduced revenue growth expectations as well as minor adjustments to profit margin and future earnings projections. Valuation Changes The Fair Value Estimate has decreased from A$21.69 to A$20.66, reflecting a modest downward revision.
Narrative Update • Nov 18

SUN: Fair Value Outlook To Remain Strong Amid Stable Key Metrics

Analysts have maintained their fair value estimate for Suncorp Group at $21.69, citing minimal changes in key underlying metrics and reiterating their prior outlook. Valuation Changes Fair Value Estimate remains unchanged at A$21.69 per share.
Analysis Article • Nov 08

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

With a price-to-earnings (or "P/E") ratio of 13.5x Suncorp Group Limited ( ASX:SUN ) may be sending bullish signals at...
Narrative Update • Nov 03

SUN: Buyback And Dividend Actions Will Support Future Shareholder Returns

Analysts have modestly lowered their price target for Suncorp Group from $21.94 to $21.69, citing revised assumptions on revenue growth and profit margins. What's in the News The Board of Directors authorized a buyback plan on August 13, 2025 (Key Developments) Suncorp Group announced a buyback program worth up to AUD 400 million, valid until June 30, 2026.
Analysis Article • Sep 24

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

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Jul 23

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

There wouldn't be many who think Suncorp Group Limited's ( ASX:SUN ) price-to-earnings (or "P/E") ratio of 16.6x is...
User avatar
New Narrative • Jun 23

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

As 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
User avatar
New Narrative • Feb 09

Bank Sale Will Strengthen Focus On Core Insurance Operations

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

CEO Compensation Analysis

How has Jeremy Robson's remuneration changed compared to Suncorp Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

AU$986m

Sep 30 2025n/an/a

AU$1b

Jun 30 2025AU$3mAU$932k

AU$2b

Mar 31 2025n/an/a

AU$1b

Dec 31 2024n/an/a

AU$1b

Sep 30 2024n/an/a

AU$1b

Jun 30 2024AU$3mAU$897k

AU$939m

Dec 31 2023n/an/a

AU$594m

Sep 30 2023n/an/a

AU$643m

Jun 30 2023AU$2mAU$852k

AU$692m

Mar 31 2023n/an/a

AU$993m

Dec 31 2022n/an/a

AU$845m

Sep 30 2022n/an/a

AU$763m

Jun 30 2022AU$2mAU$813k

AU$681m

Mar 31 2022n/an/a

AU$806m

Dec 31 2021n/an/a

AU$931m

Sep 30 2021n/an/a

AU$982m

Jun 30 2021AU$2mAU$775k

AU$1b

Dec 31 2020n/an/a

AU$769m

Sep 30 2020n/an/a

AU$698m

Jun 30 2020AU$1mAU$677k

AU$627m

Compensation vs Market: Jeremy's total compensation ($USD1.82M) is below average for companies of similar size in the Australian market ($USD3.78M).

Compensation vs Earnings: Jeremy's compensation has been consistent with company performance over the past year.

CEO

Jeremy Robson

less than a year
Tenure
AU$2,601,000
Compensation

Mr. Jeremy John Robson, B.Com, FCA, served as Group Chief Financial Officer of Suncorp Group Ltd. since December 13, 2019 until March 2026 and serves as its Acting CEO since March 2026 and served as its Ac...

Leadership Team

NamePositionTenureCompensationOwnership
Jeremy Robson
Acting Chief Executive Officerless than a yearAU$2.60m0.015%
A$ 3.0m
Steven Johnston
CEO, MD & Executive Director (Leave of Absence)less than a yearAU$6.33m0.065%
A$ 13.1m
Adam Bennett
Chief Information Officer1.8yrsAU$2.92m0.024%
A$ 4.8m
Belinda Speirs
Chief Executive of People1.8yrsAU$2.04m0.0041%
A$ 834.0k
Lisa Harrison
Chief Executive Officer of Consumer Insurance9yrsAU$2.63m0.010%
A$ 2.1m
James Higgins
Chief Executive Officer of New Zealand6yrsAU$2.17m0.0083%
A$ 1.7m
Bridget Messer
Group Chief Risk Officer4.5yrsAU$1.86m0.0015%
A$ 302.9k
Michael J. Miller
Chief Executive Officer of Commercial & Personal Injury Insurance2.8yrsAU$2.01m0.0019%
A$ 379.6k
Neil Wesley
Acting Chief Financial Officerless than a yearno datano data
Cassandra Hamlin
Company Secretary3.9yrsno datano data
Matthew Leslie
Company Secretary1.1yrsno datano data
1.8yrs
Average Tenure

Experienced Management: SUN's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Steven Johnston
CEO, MD & Executive Director (Leave of Absence)6.8yrsAU$6.33m0.065%
A$ 13.1m
Elmer Funke Kupper
Independent Non-Executive Director6.5yrsAU$318.00k0.0057%
A$ 1.1m
Simon John Machell
Independent Non-Executive Director9.3yrsAU$285.00k0.0062%
A$ 1.3m
Sally Herman
Independent Non-Executive Director10.8yrsAU$299.00k0.0041%
A$ 830.0k
Duncan West
Independent Non-Executive Chairman4.8yrsAU$346.00k0.0039%
A$ 781.5k
Lindsay Tanner
Independent Non-Executive Director8.5yrsAU$357.00k0.0016%
A$ 325.1k
Gillian Brown
Independent Non-Executive Director2.4yrsAU$285.00k0.00058%
A$ 117.1k
Sylvia Falzon
Independent Non-Executive Director7.8yrsAU$346.00k0.0029%
A$ 591.7k
David Whiteing
Independent Non-Executive Director1.4yrsAU$91.00kno data
Ian Hammond
Independent Non Executive Director7.8yrsAU$351.00k0.0051%
A$ 1.0m
Teow Saw
Non-Executive Directorless than a yearno datano data
6.8yrs
Average Tenure
63yo
Average Age

Experienced Board: SUN's board of directors are considered experienced (6.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/20 08:33
End of Day Share Price 2026/07/20 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 20 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew AdamsBarrenjoey Markets Pty Limited
Freya KongBofA Global Research
Andrew ScottCGS International