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Suncorp’s soft dividend backs up its case for ANZ deal

The Queensland company is sensitive to complaints about surging premiums. But its lower dividend payout ratio shows why it wants to get out of banking and focus on insurance. 

The drums are beating louder on a push against so-called corporate profit gouging, and Suncorp chief executive Steve Johnston is listening.

A day after a campaign led by consumer group Choice called for the government to launch an independent review of insurance affordability, Suncorp’s full-year results highlighted why angst is growing.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/suncorp-s-soft-dividend-backs-up-its-case-for-anz-deal-20230809-p5dv60