Group has advised its investors and policyholders on the recently published Quarterly General Insurance Institution-Level Statistics
publication by the Australian Prudential Regulation Authority (APRA).
The publication, based on regulatory filings for the quarter ended September 2017, includes statistics for AAI Limited, a wholly-owned subsidiary of Suncorp.
Suncorp said the statistics do not include the impact to the profit loss statement of a number of adjustments, most notably the valuation of the group’s insurance portfolio.
“Those valuations are conducted on a half-yearly basis and are included in Suncorp’s regular financial disclosures,” Suncorp said. “In addition, the APRA quarterly disclosures do not include the consolidation of the profit & loss of Suncorp’s subsidiary general insurance entities.”
Suncorp will release its financial results for the six months ended December 2017 on February 15.
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