Suncorp Pushes Ahead With Buyback After Storm-Hit Half, Sets A$14.32 DRP Price
Suncorp Group bought back 1.19 million shares for A$17.17 million on Tuesday and set its interim dividend reinvestment price at A$14.32 per share. The insurer has now spent about A$223.9 million on buybacks, with A$176.1 million left to reach its A$400 million target for fiscal 2026. First-half cash earnings fell 67% after severe weather pushed natural-hazard costs to A$1.319 billion.