Suncorp Group 2025 Investor Day Summary Company Overview - **Company**: Suncorp Group (OTCPK:SNMC.D) - **Event**: 2025 Investor Day - **Date**: October 29, 2025 Key Points Industry and Company Purpose - Suncorp emphasizes its purpose as central to its operations, focusing on supporting customers and the community, which is believed to lead to sustainable growth for shareholders [2][4][72]. Strategic Focus and Business Simplification - The company has completed the sale of its banking division, marking a transition to a dedicated pure play insurer, allowing for a more focused strategy without the complexities of banking operations [5][6]. - The new financial year plan (2026-2028) is the first developed as a pure play insurer, aiming to simplify operations and enhance focus on insurance [4][5]. Technology and Digital Transformation - Suncorp is investing in technology and data to transform customer experiences, with a focus on leading technology and modern platforms [6][9]. - The Digital Insurer program is a key initiative aimed at modernizing the policy administration system, enhancing business agility, and improving customer engagement [27][29]. - The implementation of a cloud-based solution is expected to streamline operations and reduce costs, with significant early indicators of success, such as a 97% reduction in manual underwriting referrals [33][34]. Multi-Brand Strategy - Suncorp's multi-brand strategy allows it to reach a broader customer base, with brands like AAMI, GIO, and Bingle catering to different market segments [10][15]. - The company has achieved a 3% growth in policies over the past three years and maintains a strong market share in motor and home insurance [19][20]. Advocacy and Community Engagement - Suncorp is committed to advocacy, focusing on making insurance more affordable and accessible, particularly in light of climate change challenges [72][73]. - The company has seen tangible results from its advocacy efforts, including government commitments to reduce taxes and invest in resilience initiatives [74]. Commercial Insurance Growth - The commercial insurance segment is identified as a key growth area, with plans to increase market share from 9% to 2nd place in the market [51][56]. - Suncorp is expanding its product offerings and enhancing broker connectivity to drive growth in the commercial sector [58][65]. AI and Operational Transformation - Suncorp is leveraging AI to enhance customer experiences and operational efficiency, with a focus on automating processes and improving service delivery [41][42]. - The company has established an AI Academy to upskill employees and is implementing AI across various operational areas [44][46]. Financial Health and Market Position - Suncorp's financial health is strong, with a focus on maintaining profitability while pursuing growth opportunities in both consumer and commercial segments [64][66]. - The company is well-positioned to navigate market cycles due to its diversified portfolio and integrated business model [65][66]. Additional Insights - Suncorp's commitment to ESG standards and best practices is evident in its risk management and operational strategies [7]. - The company is focused on continuous improvement in customer relationships and brand relevance through targeted marketing and digital innovations [19][20][25]. This summary encapsulates the key insights and strategic directions discussed during the Suncorp Group 2025 Investor Day, highlighting the company's commitment to growth, technology, and community engagement.

Group 1 - The Cigna Group is recognized as one of the 13 Most Undervalued Dividend Stocks to Buy according to Wall Street Analysts [1] - JPMorgan has maintained an Overweight rating on Cigna following an update regarding its Evernorth unit and a new model for Express Scripts starting in 2027 [2][3] - The new model for Express Scripts eliminates rebates and introduces a point-of-sale approach, allowing customers to pay a net price at the time of dispensing [3][4] Group 2 - The analyst believes the change addresses several regulatory proposals and should "de-risk" Express Scripts' commercial operations [4] - Cigna's shift to a de-linked and rebate-free default offering is seen as a viable approach for the broader business [4] - Cigna has increased its dividend for five consecutive years, with a current dividend yield of 2.02% as of October 29 [4]

Group 1: Chevron - Chevron has a long history of increasing dividends, having raised them for 38 consecutive years [3] - The latest dividend hike on January 31 increased the quarterly payout by 5% to $1.71 per share, resulting in an annual figure of $6.84 per share [3] - The current dividend yield for Chevron is 4.37% [3] - As of June 30, Chevron's annual revenue was $187.74 billion, with Q2 2025 revenues reported at $44.82 billion, which was below the consensus estimate of $45.88 billion [4] - Chevron's EPS for Q2 2025 was $1.77, surpassing the consensus estimate of $1.70 [4] Group 2: Robert Half - Robert Half has consistently raised its dividends for the last 20 years [6] - The most recent dividend increase on February 12 raised the quarterly payout from $0.53 to $0.59 per share, equating to an annual figure of $2.36 per share [6] - The current dividend yield for Robert Half stands at 8.06% [6] - As of June 30, Robert Half's annual revenue was $5.57 billion, with Q3 2025 revenues reported at $1.35 billion, meeting Street estimates [7] Group 3: Horace Mann Educators - Horace Mann Educators provides various insurance products and financial services specifically designed for educators and their families [7]

Investor strategy update 30 October 2025 1:00pm (AEDT) SUNCORP GROUP LIMITED ABN 66 145 290 124 | For personal use only Investor Update October 2025 | 2 Introduction and overview Steve Johnston Chief Executive Officer and Managing Director For personal use only | Investor Update October 2025 3 Purpose driven, delivering strong outcomes for the long-term For personal use only | Investor Update October 2025 4 FY26-28 priorities | y | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | l | Purpos ...

Core Insights - Prudential Financial, Inc. (NYSE:PRU) is recognized as one of the 11 Best FTSE Dividend Stocks to buy currently [1] - Bank of America (BofA) has raised its price target for Prudential from $112 to $118 while maintaining a Neutral rating [3] - Prudential has a strong history of shareholder returns, having paid dividends for 16 consecutive years, with a current quarterly dividend of $1.35 per share and a dividend yield of 5.35% as of October 29 [4] Company Overview - Prudential Financial, Inc. is a global insurance company that provides life and health insurance, as well as asset management services [2] - The company experienced a relatively calm third quarter, with no hurricanes impacting the US, and macroeconomic uncertainties did not significantly affect earnings [3] Financial Performance - The increase in price target reflects a revision of price targets for US insurance companies within BofA's coverage [3] - The consistent dividend payments and yield indicate a stable financial performance and commitment to returning value to shareholders [4]

Core Insights - Hanover Insurance Group reported $1.67 billion in revenue for Q3 2025, a year-over-year increase of 6.1% and a surprise of +0.83% over the Zacks Consensus Estimate of $1.66 billion [1] - The EPS for the same period was $5.09, compared to $3.05 a year ago, representing a surprise of +34.3% over the consensus estimate of $3.79 [1] Key Performance Metrics - GAAP Loss and LAE Ratio was 64.5%, slightly above the three-analyst average estimate of 63.8% [4] - GAAP Expense Ratio stood at 31.3%, compared to the average estimate of 30.7% [4] - GAAP Combined Ratio was reported at 91.1%, better than the average estimate of 94.5% [4] - Core Commercial - Loss and LAE Ratio was 63.6%, slightly below the average estimate of 63.9% [4] - Operating Revenues from Core Commercial - Net Investment Income was $51.8 million, exceeding the average estimate of $49.28 million, with a year-over-year change of +34.9% [4] - Operating Revenues from Specialty - Net Investment Income was $26.1 million, above the average estimate of $24.47 million, reflecting a year-over-year change of +24.9% [4] - Operating Revenues from Personal Lines - Net Investment Income was $33 million, compared to the average estimate of $31.98 million, showing a +25.5% year-over-year change [4] - Operating Revenues from Personal Lines - Net Premiums Earned was $642.6 million, exceeding the average estimate of $636.26 million, with a year-over-year change of +4.5% [4] - Total Revenues from Premiums earned were $1.55 billion, matching the average estimate, with a +4.8% change year-over-year [4] - Revenues from Net investment income were $117 million, surpassing the average estimate of $109.03 million, representing a +27.5% year-over-year change [4] Stock Performance - Hanover Insurance shares have returned -7% over the past month, while the Zacks S&P 500 composite has increased by +3.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - MGIC Investment reported a revenue of $304.34 million for the quarter ended September 2025, reflecting a decrease of 0.6% year-over-year, while EPS increased to $0.83 from $0.77 in the previous year [1] - The revenue fell short of the Zacks Consensus Estimate of $307.8 million, resulting in a surprise of -1.12%, whereas the EPS exceeded expectations with a surprise of +15.28% against a consensus estimate of $0.72 [1] Financial Performance Metrics - The combined ratio for the insurance segment was reported at 25.6%, significantly better than the average estimate of 36.8% from two analysts [4] - The GAAP underwriting expense ratio was 21.1%, compared to the average estimate of 19.5% [4] - The GAAP loss ratio stood at 4.5%, well below the average estimate of 17.3% [4] - Net premiums earned were $241.75 million, slightly below the average estimate of $243.92 million, marking a year-over-year decline of 0.7% [4] - Other revenue was reported at $0.38 million, significantly lower than the estimated $0.57 million, representing a year-over-year decrease of 39.5% [4] - Net investment income was $62.21 million, slightly below the estimate of $63.36 million, with a year-over-year increase of 0.2% [4] Stock Performance - Over the past month, MGIC shares have returned -5.6%, contrasting with the Zacks S&P 500 composite's increase of +3.8% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]

Core Viewpoint - Axonic Insurance has secured a $210 million preferred equity investment led by LuminArx Capital Management, with participation from Deutsche Bank, indicating strong investor confidence in the company's innovative insurance platform [1] Company Overview - Axonic Insurance is a global annuity and insurance platform that designs, distributes, issues, and manages annuity and related product offerings for individual consumers and institutions worldwide [1] - The company was launched in 2024, positioning itself as an innovative player in the insurance industry [1] Investment Details - The investment amount is $210 million, which is significant for the growth and expansion of Axonic Insurance [1] - LuminArx Capital Management, a global capital solutions provider, is the lead investor in this funding round [1] - Deutsche Bank also participated in this investment, further validating the potential of Axonic Insurance [1]

Core Insights - Ryan Specialty Holdings, Inc. is experiencing a positive shift in analyst expectations, reflected in an increased consensus price target [1][5] - The average price target for RYAN has risen to $70, up from $66.2 last quarter, indicating growing optimism about the company's future performance [2] - The company reported a 23% increase in second-quarter revenue, reaching $855.2 million, which supports the positive sentiment among analysts [3][5] Financial Performance - Ryan Specialty's second-quarter revenue increased significantly from $695.4 million the previous year to $855.2 million, showcasing strong financial growth [3][5] - Despite the revenue growth, there are concerns that the company may not have the optimal factors for an earnings beat in the upcoming report [3] Strategic Moves - The appointment of Steve Keogh and Brendan Mulshine as Co-Presidents is a strategic decision aimed at driving further growth and innovation within the company [4] - Insider buying activity indicates strong confidence in the company's future performance, suggesting that investors should monitor these developments closely [4][5]

Core Insights - The "Financial Street Release" event showcased significant research and practical outcomes in the financial sector, highlighting the development report for 2025 [1] - The report provides a multi-dimensional and systematic analysis of the Financial Street's development during 2024 and the "14th Five-Year Plan" period [1] Financial Street Development - During the "14th Five-Year Plan," Financial Street's role as a national financial management center is increasingly prominent, with enhanced functions in decision-making, regulation, standard-setting, asset management, payment settlement, information exchange, and international cooperation [1] - The international influence of Financial Street has significantly increased [1] Asset Management Growth - The construction of a global asset management hub in Financial Street is accelerating, with asset management institutions managing over 21 trillion yuan [1] - Financial institutions located in the area have total assets amounting to 156 trillion yuan, accounting for approximately one-third of the national total [1] Application of Large Models in Finance - The Chinese Academy of Social Sciences' National Financial and Development Laboratory released a guide on the application of large models in the financial sector, outlining the boundaries, implementation paths, and compliance requirements for their use [1] - This guide serves as a reference for banks, securities, and insurance institutions to facilitate a compliant and informed digital transformation [1]