Suncorp-Metway Ltd. provides banking, general and life insurance, superannuation, and funds management products and related services to the retail, corporate, and commercial sectors in Australia and New Zealand. Segments The company's business segments include Banking; General Insurance – Personal; General Insurance – Commercial; Life; Vero New Zealand; and Other. The Banking Segment engages in commercial banking, agribusiness, property and equipment finance, home, personal and small business loans, savings and transaction accounts, and treasury activities. The General Insurance – Personal Segment engages in home and motor insurance, travel insurance, loan protection, rental bond, personal effects cover, and compulsory third party insurance activities. The General Insurance – Commercial Segment engages in commercial motor, marine and aviation insurance, public liability and professional indemnity insurance, and workers’ compensation insurance activities. The Life Segment engages in life insurance, superannuation administration services, funds management, financial planning, and funds administration activities. The Vero New Zealand Segment engages in commercial motor and marine insurance, travel insurance, public liability, and professional indemnity activities. The Other Segment provides property management services. Disposals In May 2009, the company sold its investments in Secure Sentinel Pty Ltd and Secure Sentinel NZ Ltd. In August 2008, the company sold its 50% share of RAC Insurance Pty Ltd to joint venture partner, The Royal Automobile Club of Western Australia Incorporated.
suncorp group ltd
(SUN:Australian Stock Exchange Ltd)
266 George Street
Brisbane, QLD 4000
Phone: 61 7 3362 1222
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