Read detailed company information including dividend distribution, dividend amount and payment history. The last two summers — when Australian insurers faced the most claims— had featured high natural hazard costs, which had resulted in higher reinsurance costs that would in turn feed into pricing.“I do expect pricing increases going through, pretty much as a reflection of the pretty horrific couple of years that we’ve had for weather,” he said.Changes in the cost of repairs also contributed to premium increases, Mr Johnson said, as he warned that the risks that led to last summer's devastating bushfires were still present today.To help counter the risks, he repeated the insurer's call for greater public spending on "nation-building" projects to make the country more resilient to climate change risks, such as dam infrastructure. Find out more at Intelligent Investor This dividend was $0.1 and was fully franked.

Ex-Distribution Date 2 March 2020 1 June 2020 2 September 2020 2 December 2020 Record Date 3 March 2020 2 June 2020 3 September 2020 3 December 2020 Payment Date 17 March 2020 17 June 2020 17 September 2020 17 December 2020 Note: These dates may be subject to change .

Boral share price drops lower after $1.1 billion FY 2020 loss – August 28, 2020 10:05am Orocobre posts big FY 2020 loss and launches $156 million equity raising – August 28, 2020 9:51am Mr Johnston said he thought this reflected its attempts to lower the level of risk in the banking division.Suncorp warned the operating environment remained highly uncertain and did not provide detailed profit guidance. ... Suncorp declared a final dividend of 10 cents a share. The dividend payout ratio of Suncorp Group is 159.91%.

Suncorp Group has a 12-month low of A$7.30 ($5.21) and a 12-month high of A$14.34 ($10.24). Sign up forA concise wrap of the day on the markets, breaking business news and expert opinion delivered to your inbox each afternoon. The date paid for this dividend is 21-10-2020. Even so, it estimated the virus would have a neutral impact on its insurance business overall, as it had received fewer motor claims.Chief investment officer at Suncorp shareholder Atlas Funds Management, Hugh Dive, said most of the positive surprise came from better-than-expected investment income in Suncorp's insurance division.

This represents a dividend yield of 1.06%. The board said it remained committed to paying out 60 per cent to 80 per cent of cash earnings, but payouts would be affected by the economic outlook and the results of stress testing.Start the day with major stories, exclusive coverage and expert opinion from our leading business journalists delivered to your inbox.

Suncorp Group chief Steve Johnston says a horror run of natural disasters will contribute to annual rises in household insurance premiums of up to 5 per cent, as he called for stimulus spending to mitigate the effects of climate change.The insurance giant posted cash profits that were a third lower than last year on Friday, after what Mr Johnston called a "very challenging" year that included the summer's disastrous bushfires, hail storms and the financial hit from COVID-19.The $749 million in cash profits still beat expectations, which sparked a 11 per cent surge in its share price to $9.66, as it also paid out a slimmed-down dividend.With insurers benefiting from a global trend towards rising premium rates, Mr Johnston pointed to potential increases in home and motor premiums of between 3 and 5 per cent over the year ahead, with home cover rising at the top end of that range.He said a key reason for the expected growth was that wild weather had become more frequent and severe. The business has a 50 day moving average price of A$8.82. "While attention since March has understandably been focused elsewhere, we should not kid ourselves that the underlying problems, so painfully brought to the surface last summer, have gone away.



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