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Suncorp Life and Superannuation Ltd. Feb 02
Standard & Poors, February 2002
The ratings on Suncorp Life and Superannuation Ltd. (Suncorp Life) reflect the company's sound stand-alone financial profile, ownership by Suncorp-Metway Ltd. (SML), and important role in SML's allfinanz strategy. Suncorp Life holds a sound business position in its home market of the state of Queensland, exhibits a track record of good operating results, has strong capitalization, and showed good new business generation in 2001. Moderating features include its reliance on one geographical area, the state of Queensland, for its business generation. Suncorp Life has a sound market position in Queensland (although a relatively small 2% national market share of premium income), largely due to its origins as the state government life insurer. New business volumes have shown healthy increases in...
Companies mentioned in this report are: Suncorp Life and Superannuation Ltd.,GIO General Ltd.,Suncorp-Metway Ltd.,Suncorp Metway Insurance Ltd.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Suncorp Life and Superannuation Ltd.,GIO General Ltd.,Suncorp-Metway Ltd.,Suncorp Metway Insurance Ltd.