Suncorp's Outperformance of IAG Could Be Hard to Sustain -- Market Talk

Dow Jones02-18

2345 GMT - The recent outperformance of Suncorp's stock relative to Australian insurance rival IAG could be hard to sustain over the June half, Jarden analysts say. They tell clients that Suncorp's soft December-half revenue was largely expected, with margins held thanks to better control of costs. Full-year guidance for gross written premium at the bottom of a single mid-digit range is seen at Jarden as implying 4% growth, which they observe is lower than consensus for 4.2%. The analysts think that Suncorp's June-half trajectory could be more difficult than the one facing IAG, which has the benefit of its September acquisition of RACQ Insurance. Jarden has a last-published neutral rating and A$18.40 target price on the stock, which is down 0.9% at A$15.83. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

February 17, 2026 18:45 ET (23:45 GMT)

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