From Financial Modeling Prep: 2025-02-12 02:24:15

Shares of Suncorp Group Ltd (ASX: SUN) hit an all-time high of A$21.5, up 5.5% following robust half-year earnings. The company reported a Net Profit After Tax of A$1.1 billion, with a one-off profit of A$252 million from Suncorp Bank sale and Cash Earnings of A$860 million.

Suncorp announced a significant capital return plan, with A$4.1 billion from the bank sale to be returned to shareholders. This includes a capital return of A$3.00 per share, a special dividend of 22 Australian cents per share, and an interim dividend of 41 Australian cents per share.

Earnings momentum at Suncorp was driven by favorable natural hazard experience, stronger investment returns, and stabilizing premium rates. CEO Steve Johnston highlighted positive outlook for continued GWP growth and potential share buybacks for additional shareholder value.

Investors can monitor Suncorp’s performance and capital return strategies through SEC Filings API and Financial Growth API. With strong earnings, record stock performance, and a generous shareholder return plan, Suncorp is poised for continued growth and market strength. Investors will watch for further capital management moves in the future.



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