ASX announcement

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13 January 2017

Analyst Pack template based on revised operating model

Suncorp today released an Analyst Pack template showing historical financial information for the revised operating model. It features three functional segments: Insurance, Banking and Wealth, and New Zealand.

Suncorp CFO Steve Johnston said that the template was being released to ensure that analysts and investors could prepare for Suncorp’s half year announcement on 9 February 2017.

“Suncorp has previously been recognised for a high standard of financial reporting by the investment community. We have prepared the Analyst Pack template with the objectives of maintaining the quality and transparency of our financial disclosures as well as providing historical information based on the new functional segments.”

Ends

For more information contact: Analysts/Investors Andrew Dempster 0497 799 960

Suncorp Group Ltd - ABN 66 145 290 124 – Level 28, 266 George Street, Brisbane Qld 4000 suncorpgroup.com.au

SUNCORP GROUP LIMITED ABN 66 145 290 124 ANALYST PACK TEMPLATE FOR NEW OPERATING MODEL HALF YEAR ENDED 31 DECEMBER 2016

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Financial results for the half year ended 31 December 2016

Basis of preparation

Disclaimer

Registered office

Level 28, 266 George Street Brisbane Queensland 4000 Telephone: (07) 3362 1222 suncorpgroup.com.au

Investor Relations

Mark Ley Head of Investor Relations Telephone: 0411 139 134 [email protected]

Financial results for the half year ended 31 December 2016

Basis of preparation .................................................................................................................................................... 2 Financial results summary ......................................................................................................................................... 4 Group ............................................................................................................................................................................ 4 Result overview .......................................................................................................................................................... 4 Outlook ....................................................................................................................................................................... 4 Contribution to profit by division .................................................................................................................................. 5 Statement of financial positon..................................................................................................................................... 6 Insurance...................................................................................................................................................................... 7 Result overview .......................................................................................................................................................... 7 Outlook ....................................................................................................................................................................... 7 Profit contribution ....................................................................................................................................................... 8 General Insurance .................................................................................................................................................... 10 Life Insurance ........................................................................................................................................................... 15 Banking & Wealth ...................................................................................................................................................... 17 Result overview ........................................................................................................................................................ 17 Outlook ..................................................................................................................................................................... 17 Profit contribution ..................................................................................................................................................... 18 Bank ........................................................................................................................................................................ 19 Wealth ...................................................................................................................................................................... 27 New Zealand ............................................................................................................................................................... 28 Result overview ........................................................................................................................................................ 28 Outlook ..................................................................................................................................................................... 28 Profit contribution ..................................................................................................................................................... 29 General Insurance .................................................................................................................................................... 31 Life Insurance ........................................................................................................................................................... 35 Group (continued) ..................................................................................................................................................... 37 Capital ...................................................................................................................................................................... 37 Investments .............................................................................................................................................................. 37 Dividends .................................................................................................................................................................. 37 Income tax ................................................................................................................................................................ 38 Reinsurance.............................................................................................................................................................. 38 Appendix 1 – Consolidated statement of comprehensive income and financial position .................................. 39 Appendix 2 – Ratio calculations ............................................................................................................................... 41 Appendix 3 – Underlying ITR .................................................................................................................................... 44 Appendix 4 – General Insurance ITR Split............................................................................................................... 45 Appendix 5 – Group capital ..................................................................................................................................... 48 Appendix 6 – Operating expenses ........................................................................................................................... 49 Appendix 7 – Life Embedded Value ......................................................................................................................... 50 Appendix 8 – Life Risk assumptions ....................................................................................................................... 51 Appendix 9 – Statements of assets and liabilities .................................................................................................. 52 Appendix 10 – Life invested shareholder assets .................................................................................................... 55 Appendix 11 – Definitions ......................................................................................................................................... 56 Appendix 12 – 2017 key dates .................................................................................................................................. 58

Financial results for the half year ended 31 December 2016

GROUP

Financial results summary

Operational summary

Result overview

Outlook

Financial results

GROUP

for the half year ended 31 December 2016

Contribution to profit by division

Half Year Ended	Dec-16 Dec-16
Dec-16 Jun-16 Dec-15	vs Jun-16 vs Dec-15
$M $M $M	% %
Insurance Grosswrittenpremium 4,007 3,796 Net earned premium 3,413 3,480


Net incurred claims (2,553) (2,546) Operating expenses (687) (724) Investmentincome- insurancefunds 143 93
Insurance trading result 316 303 Other income 46 25 E
Profit before tax 362 328 Income tax (108) (92) AT
General Insuranceprofit after tax 254 236
Life Insuranceprofit after tax 45 23
Insuranceprofit after tax 299 259
Banking & Wealth Net interest income 563 566 P
Net non-interest income 39 49 Operating expenses (313) (326)
Profit before impairment losses on loans and advances 289 289 Impairmentlosses on loans and advances (5) (11) E
Bank profit before tax 284 278 Income tax (85) (84) T
Bankprofit after tax 199 194
Wealthprofit after tax 12 13
Banking & Wealthprofit after tax 211 207
New Zealand Grosswrittenpremium 607 621 Net earned premium 533 512 RM


Net incurred claims (286) (276) Operating expenses (170) (168) Investmentincome- insurancefunds 12 6 O


Insurance trading result 89 74 Other income 12 10 F

Profit before tax 101 84 Income tax (28) (23)

General Insuranceprofit after tax 73 61
Life Insuranceprofit after tax 32 17
New Zealandprofit after tax 105 78

Profit after tax from business lines 615 544
Otherprofit(loss) before tax(1) (106) 30
Income tax 24 (18)
Otherprofit(loss) after tax (82) 12

Cash earnings 533 556
Acquisitionamortisation(aftertax) (25) (26)
Netprofit after tax 508 530

(1) ‘Other’ includes investment income on capital held at the Group level (Jun-16: $11 million, Dec-15: $7 million), consolidation adjustments (Jun-16: loss $3 million, Dec-15: $2 million), recognition of deferred consideration on Tyndall disposal (Jun-16: $10 million, Dec-15: $9 million), Group short-term incentive adjustment (Jun-16: loss $40 million, Dec-15: $40 million), non-controlling interests (Jun-16: loss $4 million, Dec-15: loss $3 million), external interest expense and transaction costs (Jun-16: $25 million, Dec-15: $25 million) and Operating model restructuring costs (Jun-16: $55 million, Dec-15: nil).

Financial results for the half year ended 31 December 2016

GROUP

Statement of financial position

Statement of financial position
		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Assets
Cash and cash equivalents		1,798	1,203
Receivables due from other banks		552	464
Trading securities		1,497	1,119
Derivatives 676 691 Investment securities 23,384 25,025 Loans and advances 54,134 52,673 Premiums outstanding 2,522 2,366 Reinsurance and other recoveries 1,900 2,204 Deferred reinsurance assets 858 582 Deferred acquisition costs 678 656 Gross policy liabilities ceded under reinsurance 461 419 Property, plant and equipment 183 180 Deferred tax assets 205 176 Goodwill and other intangible assets 5,878 5,845 Otherassets 1,022 842 Total assets 95,748 94,445 Liabilities Payables due to other banks 332 401 Deposits and short-term borrowings 44,889 43,504 Derivatives 628 478 Amounts due to reinsurers 745 366 Payables and other liabilities 1,843 1,362 Current tax liabilities 65 14 Unearned premium liabilities 4,870 4,687 Outstanding claims liabilities 9,734 9,713 Gross policy liabilities 2,912 5,699 Deferred tax liabilities 110 109 Managed funds units on issue 1,334 279 Securitisation liabilities 2,535 3,144 Debt issues 9,841 8,871 Subordinated notes 1,389 1,423 Preference shares 951 949 Total liabilities 82,178 80,999 Net assets 13,570 13,446 Equity PROFORMA TEMPLATE
Share capital		12,679	12,675
Reserves		198	185
Retainedprofits		684	570
Total equity attributable to owners of the Company		13,561	13,430
Non-controllinginterests		9	16
Total equity		13,570	13,446

Financial results for the half year ended 31 December 2016

INSURANCE

Insurance

Result overview

Outlook

Financial results for the half year ended 31 December 2016

INSURANCE

Profit contribution including discount rate movements and FSL

Half Year Ended Dec-16 Dec-16	Half Year Ended Dec-16 Dec-16	Half Year Ended Dec-16 Dec-16	Half Year Ended Dec-16 Dec-16
Dec-16 Jun-16 Dec-15 vs Jun-16 vs Dec-15
$M $M $M % %
General Insurance Gross written premium 4,007 3,796 Gross unearned premium movement (183) 77
Gross earned premium 3,824 3,873 Outwardsreinsurance expense (411) (393)
Net earnedpremium 3,413 3,480
Net incurred claims Claims expense (3,118) (3,064) Reinsurance and other recoveriesrevenue 565 518 TE
Net incurred claims (2,553) (2,546)
Total operating expenses Acquisition expenses (452) (454) Other underwritingexpenses (235) (270) PL
(687) (724)
Underwriting result 173 210 Investmentincome- insurancefunds 143 93
Insurance trading result 316 303
Managed schemes net contribution 7 10 Jointventure and other income (2) 3 TE
General Insurance operational earnings 321 316 Investmentincome-shareholder funds 56 24
General Insurance profit before tax and capital funding 377 Capital funding (15) A	340 (12)

General Insuranceprofit before tax 362	328
Income tax (108)	(92)
General Insuranceprofit after tax 254	236
Life Insurance Underlying profit after tax 27 Market adjustments 18 O	26 (3)


Life Insuranceprofit after tax 45	23
Insuranceprofit after tax 299	259
General Insurance ratios PRO

		Half Year Ended
	Dec-16	Jun-16	Dec-15
% % %
Acquisition expenses ratio 13.2 13.0 Otherunderwriting expensesratio 6.9 7.8
Totaloperating expensesratio 20.1 20.8
Loss ratio 74.8 73.2 Combined operating ratio 94.9 94.0 Insurance tradingratio 9.3 8.7

General Insurance operational earnings Investmentincome-shareholder funds General Insurance profit before tax and capital funding Capital funding General Insuranceprofit before tax Income tax General Insuranceprofit after tax Life Insurance Underlying profit after tax Market adjustments Life Insuranceprofit after tax Insuranceprofit after tax General Insurance ratios PROFORMA	321 316 56 24 377 340 (15) (12) 362 328 (108) (92) 254 236 27 26 18 (3) 45 23 299 259
	Dec-16	Half Year Ended Jun-16	Dec-15
	%	%	%
Acquisition expenses ratio		13.2	13.0
Otherunderwriting expensesratio		6.9	7.8
Totaloperating expensesratio		20.1	20.8
Loss ratio		74.8	73.2
Combined operating ratio		94.9	94.0
Insurance tradingratio		9.3	8.7

Financial results for the half year ended 31 December 2016

INSURANCE

Profit contribution excluding discount rate movements and FSL

			Half Year Ended		Dec-16	Dec-16
		Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
		$M	$M	$M	%	%
	General Insurance
	Gross written premium		3,926	3,717
	Gross unearned premium movement		(178)	83
	Gross earned premium		3,748	3,800
Outwardsreinsurance expense (411) (393) Net earnedpremium 3,337 3,407 Net incurred claims Claims expense (2,947) (3,035) Reinsurance and other recoveriesrevenue 565 518 Net incurred claims (2,382) (2,517) Total operating expenses Acquisition expenses (452) (454) Otherunderwriting expenses (159) (197) (611) (651) Underwriting result 344 239 Investmentincome- insurancefunds (28) 64 Insurance trading result 316 303 Managed schemes net contribution 7 10 Jointventure and other income (2) 3 General Insurance operational earnings 321 316 Investmentincome-shareholder funds 56 24 General Insurance profit before tax and capital funding 377 340 Capital funding (15) (12) General Insuranceprofit before tax 362 328 Income tax (108) (92) General Insuranceprofit after tax 254 236 Life Insurance Underlying profit after tax 27 26 Market adjustments 18 (3) Life Insuranceprofit after tax 45 23 Insuranceprofit after tax 299 259 General Insurance ratios Half Year Ended Dec-16 Jun-16 % % PROFORMA TEMPLATE						Dec-15 %
	Acquisition expenses ratio				13.5	13.3
	Otherunderwriting expensesratio				4.8	5.8
	Totaloperating expensesratio				18.3	19.1
	Loss ratio				71.4	73.9
	Combined operatingratio				89.7	93.0

Financial results for the half year ended 31 December 2016

INSURANCE

General Insurance

Gross Written Premium

	Half Year Ended		Dec-16	Dec-16
	Dec-16 Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M $M	$M	%	%
Gross written premium by product
Motor 1,295 1,273 Home 1,096 1,097 Commercial 793 784 Compulsory third party 648 567 Worker Compensation and Other 175 75 Total 4,007 3,796 Half Year Ended Dec-16 Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 vs Dec-15 $M $M $M % % Gross written premium by geography Queensland 1,116 1,120 New South Wales 1,364 1,254 Victoria 863 824 Western Australia 312 250 South Australia 128 129 Tasmania 81 81 Other 143 138 Total 4,007 3,796 Motor Home Commercial PROFORMA TEMPLATE
Compulsory Third Party (CTP)
Workers Compensation and other

Financial results for the half year ended 31 December 2016

INSURANCE

Net incurred claims

Natural hazards

*The below table contains data as at 30 June 2016. It will be updated to reflect information for the six months ending 31 December 2016 in the HY17 Analyst Pack.

Date Event	Net Costs $M	Net Costs $M
Aug 2015 South Coast NSW and Sydney Storms	29
Sep 2015 NSW Central Coast Hail	21
Oct 2015 Fernvale Chinchilla Hail	41
Nov 2015 Sunnybank Hail	15
Nov 2015 Darling Downs Storms	23
Dec 2015 Kurnell Tornado	57
Dec 2015 Great Ocean Road Bushfire	34
Jan 2016 Newcastle and Hunter Heavy Rain	12
Jan 2016 South Sydney Storms	26
Jan 2016 East Australia Storms	74
Jun 2016 East Coast Low #1	109
Jun 2016 East Coast Low #2	9
Other natural hazards attritional claims (Australia)	270
Total	720
Less: allowance for natural hazards (650) Natural hazards costs above allowance 70 Outstanding claims provision breakdown *The below table contains data as at 30 June 2016. It will be updated to reflect information for the six months ending 31 December 2016 in the HY17 Analyst Pack. Actual Net Central Estimate (Discounted) Risk Margin (90th Percentile Discounted) Change In Net Centr Estimate( $M $M $M $ FORMA TE	(650)
	70
	ending 31 December
		al 1) M
Short-tail 1,709 1,559 150 6 Long-tail 5,731 4,873 858 (416		8
		)
Total 7,440 6,432 1,008 (34		8)
(1) This column is equal to the closing central estimate for outstanding claims (before the impact of a change in interest rates) incurred before the opening balance sheet date, less the opening net central estimate for outstanding claims, plus payments and claims handling expenses, less investment income earned on the net central estimate. A negative sign (–) implies that there has been a release from outstanding reserves. PR

Actual $M Short-tail 1,709 Long-tail 5,731 Total 7,440 OF	Net Central Estimate (Discounted) Risk Margin (90th Percentile Discounted) Change In Net Central Estimate(1) $M $M $M 1,559 150 68 4,873 858 (416) 6,432 1,008 (348)

Financial results for the half year ended 31 December 2016

INSURANCE

Outstanding claims provisions over time

		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Gross outstanding claims liabilities		8,610	8,580
Reinsurance and other recoveries		(1,170)	(1,404)
Net outstanding claims liabilities		7,440	7,176
Expected future claims payments and claims handling expenses Discount to present value Risk margin Net outstanding claims liabilities Short-tail Long-tail Total		6,902 (470) 1,008 7,440 1,709 5,731 7,440	6,725 (558) 1,009 7,176 1,490 5,686 7,176	AT	E

Total 7,440 7,176 Risk margins Operating expenses Managed schemes Joint venture and other income Investment income

Financial results for the half year ended 31 December 2016

INSURANCE

Asset allocation

Asset allocation
		Half Year Ended			Dec-16	Dec-16
	Dec-16		Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	%	$M	$M	%	%
Insurance funds
Cash and short-term deposits			220	119
Inflation-linked bonds			1,816	2,190
Corporate bonds			6,590	5,601
Semi-Government bonds 631 788 CommonwealthGovernment bonds 67 - Total Insurance funds 9,324 8,698 Shareholders' funds Cash and short-term deposits 229 74 Interest-bearing securities 1,734 2,034 Equities 306 349 Infrastructure and property 218 173 Total shareholders' funds 2,487 2,630 Total 11,811 11,328 Credit quality Dec-16 Jun-16 AVERAGE % % AAA 37.9 AA 25.5 A 28.9 BBB 7.7 100.0 Duration Duration Dec-16 Jun-16 Insurance funds Interest rate duration (Yrs) 2.3 Credit spread duration (Yrs) 1.5 Shareholders' funds Interest rate duration (Yrs) 2.1 Credit spread duration(Yrs) 2.5 PROFORMA TEMPLATE						Dec-15 % 38.9 25.1 28.2 7.8 100.0 Dec-15 2.7 1.2 1.9 2.8
						13

Financial results for the half year ended 31 December 2016

INSURANCE

Investment performance

		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Investment income on insurance funds
Cash and short-term deposits		4	4
Interest-bearing securities and other 139 89 Total 143 93 Investment income on shareholder funds Cash and short-term deposits 3 1 Interest-bearing securities 52 13 Equities (4) 1 Infrastructure and property 5 9 Total 56 24 Total investment income 199 117 PROFORMA TEMPLATE

Financial results for the half year ended 31 December 2016

INSURANCE

Life Insurance

Profit contribution

Profit contribution
	Half Year Ended Dec-16	Dec-16
Dec-16	Jun-16 Dec-15 vs Jun-16	vs Dec-15
$M	$M $M %	%
Planned profit margin release(1)	8 7
Experience	6 5
Other and investments 13 14 Underlying profit after tax 27 26 Market adjustments(2) 18 (3) Net profit after tax 45 23 (1) Planned profit margin release includes the unwind of policy liabilities which refers to the profit impact of changes in the value of policy due to the passing of time. (2) Market adjustments consist of life risk policy discount rate changes, investment income experience and annuities market adjustments. Life Risk in-force annual premium by channel Half Year Ended Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 $M $M $M % Advised 652 642 Direct via General Insurance brands 64 60 Group and other 97 96 Total 813 798 Total new business 36 38 Market Adjustments Half Year Ended Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 $M $M $M % Life risk policy liability impact (DAC) 25 4 Investmentincome experience (7) (7) Total market adjustments 18 (3) PROFORMA TEMPLATE		liabilities Dec-16 vs Dec-15 % Dec-16 vs Dec-15 %
Life Risk policy liability impact
Investment income experience

Financial results for the half year ended 31 December 2016

INSURANCE

Life Insurance shareholder investment income

		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Shareholder investment income on invested assets		6	7
Less underlyinginvestmentincome:		(13)	(14)
Investment income experience		(7)	(7)

Financial results for the half year ended 31 December 2016

BANKING & WEALTH

Banking & Wealth

Result overview

Outlook

Financial results for the half year ended 31 December 2016

BANKING & WEALTH

Profit contribution

Profit contribution
		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Net interest income		563	566
Net non-interest income
Net banking fee income and commission		32	35
Gain on derivative and other financial instruments		2	2
Other revenue 5 12 Total netnon-interestincome 39 49 Total income 602 615 Operating expenses W (171) (181) Equipment and occupancy expenses (49) (52) Hardware, software and dataline expenses (26) (21) Advertising and promotion (12) (14) Office supplies, postage and printing (17) (15) Other (38) (43) Total Operating expenses (313) (326) Profit before impairment losses on loans and advances 289 289 Impairment losses on loans and advances (5) (11) Bank profit before tax 284 278 Income tax (85) (84) Bankprofit after tax 199 194 Wealthprofit after tax 12 13 Bank & Wealthprofit after tax 211 207 Bank ratios and statistics Half Year Ended Dec-16 Jun-16 Dec-15 % % % Lending growth (annualised) 5.43 3.58 Net interest margin (interest-earning assets) 1.86 1.85 Cost to income ratio 51.99 53.01 Impairment losses to gross loans and advances (annualised) 0.02 0.04 Common Equity Tier 1 9.21 9.45 Return on Common Equity Tier 1 13.3 13.1 Deposit to loan ratio 66.7 66.1 PROFORMA TEMPLATE

Financial results for the half year ended 31 December 2016

BANKING & WEALTH

Bank

Bank
Loans and advances		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Housing loans		37,704	36,691
Securitisedhousingloans and covered bonds		6,548	6,355
Total housing loans		44,252	43,046
Consumer loans		312	345
Retail loans Commercial (SME) Agribusiness Total Businessloans Total lending Other loans Gross loans and advances Provision for impairment Total loans and advances Credit-risk weighted assets Geographical breakdown - Total lending Queensland New South Wales Victoria Western Australia South Australia and other Outside ofQueenslandloans Total lending	44,564 43,391 5,356 5,203 4,360 4,258 9,716 9,461 54,280 52,852 18 - 54,298 52,852 (164) (179) 54,134 52,673 26,444 25,613 29,132 28,735 13,808 13,162 5,499 5,295 3,747 3,660 2,094 2,000 25,148 24,117 54,280 52,852 A TEMPLATE

Total lending Total lending Retail loans

Financial results for the half year ended 31 December 2016

BANKING & WEALTH

Commercial (SME)

Commercial (SME) portfolio breakdown

*The below table contains data as at 30 June 2016. It will be updated to reflect information for the six months ending 31 December 2016 in the HY17 Analyst Pack.

	QLD	NSW	Other	Total	Total
	%	%	%	%	$M
Commercial (SME) breakdown
Property Investment Hospitality & Accommodation Construction & Development Services (Inc. professional services) Retail Manufacturing & Mining Other Total % Total$M	27% 14% 7% 10% 5% 3% 9% 75% 4,017	4% 1% 0% 5% 1% 1% 2% 14% 750	4% 0% 1% 3% 1% 1% 1% 11% 589	35% 15% 8% 18% 7% 5% 12% 100% LATE	1,875 803 428 964 375 268 643 5,356

QLD NSW Other Total Total % % % % $M	QLD NSW Other Total Total % % % % $M	QLD NSW Other Total Total % % % % $M
Commercial (SME) breakdown Property Investment 27% 4% 4% 35% 1,875 Hospitality & Accommodation 14% 1% 0% 15% 803 Construction & Development 7% 0% 1% 8% 428 Services (Inc. professional services) 10% 5% 3% 18% 964 Retail 5% 1% 1% 7% 375 Manufacturing & Mining 3% 1% 1% 5% 268 ATE
Other 9% 2% 1%	12%	643
Total % 75% 14% 11%	100%
Total$M 4,017 750 589		5,356
Agribusiness Agribusiness portfolio breakdown *The below table contains data as at 30 June 2016. It will be updated to reflect information for the six months ending 2016 in the HY17 Analyst Pack. QLD NSW Other Total % % % % A TEMP		31 December
		Total
		$M
Agribusiness breakdown Beef 27% 2% 0% 29% Grain & Mixed Farming 11% 17% 3% 31% Sheep & Mixed Livestock 5% 4% 1% 10% Cotton 4% 4% 0% 8% Sugar 3% 0% 0% 3% Fruit 3% 0% 0% 3% Other 8% 2% 6% 16% FORM
		1,302
		1,340
		431
		344
		133
		131
		679
Total % 61% 29% 10% 100%
Total$M 2,663 1,271 426		4,360
PR

Financial results for the half year ended 31 December 2016

BANKING & WEALTH

Bank funding composition

		Half Year Ended	Half Year Ended	Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Customer funding
Customer deposits At-call deposits 17,758 18,109 Termdeposits 18,471 16,809 Totalcustomer funding 36,229 34,918 Wholesale funding Domestic funding Short-term wholesale 6,511 6,571 Long-term wholesale 3,588 3,592 Covered bonds 3,149 2,648 Subordinated notes 742 742 Totaldomesticfunding 13,990 13,553 Overseas funding(1) Short-term wholesale 2,681 2,533 Long-term wholesale 3,123 2,651 Totaloverseasfunding 5,804 5,184 Total wholesalefunding 19,794 18,737 Total funding (excluding securitisation) 56,023 53,655 Securitisation APS 120 qualifying(2) 2,345 2,911 APS120non-qualifying 199 243 Totalsecuritisation 2,544 3,154 Total funding (including securitisation) 58,567 56,809 Total funding is represented on the balance sheet by: Deposits 36,229 34,918 Short-term borrowings 9,192 9,104 Securitisation 2,544 3,154 Debt issues 9,860 8,891 Subordinatednotes 742 742 Total funding 58,567 56,809 Deposit to loan ratio 66.7% 66.1% PROFORMA TEMPLATE

(1) Foreign currency borrowings are hedged back into Australian dollars.

(2) Qualifies for capital relief under APS120.

Financial results for the half year ended 31 December 2016

BANKING & WEALTH

Funding

Customer funding

Liquidity Coverage Ratio (LCR)

Net Stable Funding Ratio (NSFR)
Wholesale funding
Wholesale funding instruments maturity portfolio
Short-
term
Long-
term
Dec-16
Dec-16
Dec-16
Jun-16
Dec-15
vs Jun-16
vs Dec-15
$M
$M
$M
$M
$M
%
%
Maturity
0 to 3 months
8,063
7,230
3 to 6 months
3,336
3,481
6 to 12 months
1,832
2,232
1 to 3 years
4,459
4,695
3+ years
4,648
4,253
Total wholesale funding instruments
22,338
21,891
Net interest income
PROFORMA TEMPLATE

Financial results for the half year ended 31 December 2016

BANKING & WEALTH

Average banking balance sheet

Half Year Ended Dec-16 Average Balance Interest Average Balance $M $M % Assets Interest-earning assets Trading and investment securities_(1)_ Grossloans and advances Total interest-earning assets Non-interest earning assets Otherassets (inc. loanprovisions) Total non-interest earning assets Total assets Liabilities Interest-bearing liabilities Customer deposits Wholesale liabilities Subordinatedloans Total interest-bearingliabilities Non-interest bearing liabilities Other liabilities Total non-interest bearingliabilities Total liabilities Average Shareholders’ equity Non-Shareholder accounting equity Convertible preference shares Average Shareholders' equity Goodwillallocated to banking business Average Shareholders' equity (exgoodwill) Analysis of interest margin and spread Interest-earning assets Interest-bearing liabilities Net interest spread Net interest margin (interest-earning assets) Net interest margin(lending assets) PROFORMA TEMP	Half Year Ended Jun-16
	Average Balance Interest Average Balance
	$M $M %


	7,846 119 3.05
	52,898 1,190 4.52
	60,744 1,309 4.33


	1,056
	1,056
	61,800



	34,749 380 2.20
	21,591 348 3.24
	742 18 4.88
	57,082 746 2.63


	730
	730
	57,812

	3,988

	(13)
	(450)
	3,525
	(240)
	3,285


	60,744 1,309 4.33
	57,082 746 2.63
	1.70
	60,744 563 1.86
	52,898 563 2.14

(1) Includes interest on cash and receivables due from other banks.

Financial results for the half year ended 31 December 2016

BANKING & WEALTH

Net non-interest income

Net non-interest income
		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Net banking fee income and commission		32	35
Gain on derivative and other financial instruments		2	2
Other income		5	12
Total net non-interest income		39	49
Operating expenses Impairment losses on loans and advances Half Year Ended Dec-16 Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 vs Dec-15 $M $M $M % % Collective provision for impairment (11) (7) Specific provision for impairment 16 16 Actual netwrite-offs - 2 5 11 Impairment losses to gross loans and advances (annualised) 0.02% 0.04% Impaired assets Half Year Ended Dec-16 Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 vs Dec-15 $M $M $M % % Retail lending 27 25 Agribusiness lending 117 109 Commercial/SME lending 62 42 Gross impaired assets 206 176 Specific provision for impairment (56) (60) Net impaired assets 150 116 Gross impaired assets togross loans and advances 0.38% 0.33% PROFORMA TEMPLATE

Financial results for the half year ended 31 December 2016

BANKING & WEALTH

Non-performing loans

		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Gross balances of individually impaired loans
Gross impaired assets		206	176
Specific provision for impairment		(56)	(60)
Net impaired assets		150	116
Size of gross individually impaired assets Less than one million 22 20 Greater than one million but less than ten million 117 100 Greaterthanten million 67 56 206 176 Past due loans not shown as impaired assets 404 381 Gross non-performing loans 610 557 Analysis of movements in gross individually impaired assets Balance at the beginning of the half year 176 218 Recognition of new impaired assets 86 48 Increases in previously recognised impaired assets 4 2 Impaired assets written off/sold during the half year (18) (35) Impaired assets which have been reclassed as performing assets or repaid (42) (57) Balance at the end of the halfyear 206 176 PROFORMA TEMPLATE

Financial results for the half year ended 31 December 2016

BANKING & WEALTH

Provision for impairment

		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Collective provision
Balance at the beginning of the period		119	126
Charge againstimpairmentlosses		(11)	(7)
Balance at the end ofthe period		108	119
Specific provision Balance at the beginning of the period 60 82 Charge against impairment losses 16 16 Impairment provision written off (18) (35) Unwind of discount (2) (3) Balance at the end ofthe period 56 60 Totalprovision for impairment - Banking activities 164 179 Equity reserve for credit loss (ERCL) Balance at the beginning of the period 96 146 Transfer(to)from retained earnings (11) (50) Balance at the end of theperiod 85 96 Pre-taxequivalent coverage 121 137 Total provision for impairment and equity reserve for credit loss - Banking activities 285 316 % % Specific provision for impairment expressed as a percentage ofgross impaired assets 27.2 34.1 Provision for impairment expressed as a percentage of gross loans and advances are as follows: Collective provision 0.20 0.23 Specific provision 0.10 0.11 Total provision 0.30 0.34 ERCL coverage 0.22 0.26 Totalprovision and ERCL coverage 0.52 0.60 Gross non-performing loans coverage by portfolio PROFORMA TEMPLATE

Financial results for the half year ended 31 December 2016

BANKING & WEALTH

Wealth
Wealth profit contribution
		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
$M $M $M % Planned profit margin 13 10 Experience profits (2) - Underlyinginvestmentincome 5 6 Underlying profit after tax 16 16 Market adjustments (7) (1) Investmentincome experience 3 (2) Profit attributed to shareholder 12 13 Funds under management and administration Half Year Ended Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 $M $M $M % Funds under management and administration Opening balance at the start of the period 7,424 7,412 Net inflows (outflows) (85) (46) Investmentincome and other 113 58 Balance at the end of theperiod 7,452 7,424 New business 172 213 PROFORMA TEMPLATE					% Dec-16 vs Dec-15 %
					27

Financial results for the half year ended 31 December 2016

NEW ZEALAND

New Zealand

Result overview

Outlook

Note all data and commentary in the New Zealand section is displayed in New Zealand dollars, unless otherwise specified

Financial results for the half year ended 31 December 2016

NEW ZEALAND

Profit contribution (AU$)

Profit contribution (AU$)
		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
General Insurance
Gross written premium		607	621
Gross unearned premium movement		9	(26)
Gross earned premium		616	595
Outwardsreinsurance expense (83) (83) Net earnedpremium 533 512 Net incurred claims Claims expense (387) (431) Reinsurance and other recoveriesrevenue 101 155 Net incurred claims (286) (276) Total operating expenses Acquisition expenses (120) (120) Otherunderwriting expenses (50) (48) Total operating expenses (170) (168) Underwriting result 77 68 Investmentincome- insurancefunds 12 6 Insurance trading result 89 74 Jointventure and other income 1 - General Insurance operational earnings 90 74 Investment income - shareholder funds 11 10 General Insuranceprofit before tax 101 84 Income tax (28) (23) General Insuranceprofit after tax 73 61 Life Insurance Underlying profit after tax 23 16 Market adjustments 9 1 Life Insuranceprofit after tax 32 17 New Zealandprofit after tax 105 78 General Insurance ratios Dec-16 Jun-16 % % Acquisition expenses ratio 22.5 Otherunderwriting expensesratio 9.4 Totaloperating expensesratio 31.9 Loss ratio 53.7 Combined operating ratio 85.6 Insurance trading ratio 16.7 PROFORMA TEMPLATE					Dec-15 % 23.4 9.4 32.8 53.9 86.7 14.5

Note: all data and commentary in the New Zealand section is displayed in New Zealand Dollars, unless otherwise specified

Financial results for the half year ended 31 December 2016

NEW ZEALAND

Profit contribution (NZ$)

Profit contribution (NZ$)
		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
General Insurance
Gross written premium		658	681
Gross unearned premium movement		9	(28)
Gross earned premium		667	653
Outwards reinsurance expense (90) (91) Net earnedpremium 577 562 Net incurred claims Claims expense (415) (475) Reinsurance and other recoveriesrevenue 106 172 Net incurred claims (309) (303) Total operating expenses Acquisition expenses (132) (131) Otherunderwriting expenses (54) (52) Total operating expenses (186) (183) Underwriting result 82 76 Investment income - insurance funds 13 7 Insurance trading result 95 83 Jointventure and other income 1 - General Insurance operational earnings 96 83 Investmentincome-shareholder funds 13 10 General Insuranceprofit before tax 109 93 Income tax (30) (25) General Insuranceprofit after tax 79 68 Life Insurance Underlying profit after tax 25 17 Market adjustments 9 2 Life Insuranceprofit after tax 34 19 New Zealandprofit after tax 113 87 General Insurance ratios Half Year Ended Dec-16 Jun-16 Dec-15 % % % Acquisition expenses ratio 22.9 23.3 Other underwritingexpenses ratio 9.4 9.3 PROFORMA TEMPLATE
Totaloperating expensesratio				32.3	32.6
Loss ratio				53.6	53.9
Combined operating ratio				85.9	86.5
Insurance trading ratio				16.5	14.8

Note: all data and commentary in the New Zealand section is displayed in New Zealand Dollars, unless otherwise specified

Financial results for the half year ended 31 December 2016

NEW ZEALAND

General Insurance

Gross Written Premium
		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
$M $M $M % Gross written premium by product Motor 163 154 Home 219 208 Commercial 252 295 Other 24 24 Total 658 681 Motor Home Commercial Other PROFORMA TEMPLATE					%

Note: all data and commentary in the New Zealand section is displayed in New Zealand Dollars, unless otherwise specified

Financial results for the half year ended 31 December 2016

NEW ZEALAND

Net incurred claims

Natural hazards

*The below table contains data as at 30 June 2016. It will be updated to reflect information for the six months ending 31 December 2016 in the HY17 Analyst Pack.

DATE EVENT	Net Costs $M
July 15 Heavy Rain Upper North Island and Storm Conditions North Island Feb 16 NZ South Island Earthquake Other CAT events
	3
	3
	5
Total	11
Less: allowance for natural hazards (21) Natural hazards costs above/(below) allowance (11) Outstanding claims provision breakdown *The below table contains data as at 30 June 2016. It will be updated to reflect information for the six months ending 31 December 2016 in the HY17 Analyst Pack. Actual Net Central Estimate (Discounted) Risk Margin (90TH Percentile Discounted) Change In Net Central Estimate(1) $M $M $M $M TEMPLAT	(21)
	(11)
Short-tail 196 172 24 (4) Long-tail 88 67 21 4 A
Total 284 239 45 (0)
(1) This column is equal to the closing central estimate for outstanding claims (before the impact of a change in interest rates) incurred before the opening balance sheet date, less the opening net central estimate for outstanding claims, plus payments and claims handling expenses, less investment income earned on the net central estimate. A negative sign (–) implies that there has been a release from outstanding reserves. Outstanding claims provisions over time The net outstanding claims liabilities are also shown by major class of insurance business. Half Year Ended Dec-16 Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 vs Dec-15 $M $M $M % % PROFORM
Gross outstanding claims liabilities 855 959 Reinsurance and other recoveries (571) (673)
Net outstanding claims liabilities 284 286
Expected future claims payments and claims handling expenses 245 252 Discount to present value (6) (10) Risk margin 45 44
Net outstanding claims liabilities 284 286
Short-tail 196 207 Long-tail 88 79
Total 284 286

32 Note: all data and commentary in the New Zealand section is displayed in New Zealand Dollars, unless otherwise specified

Financial results for the half year ended 31 December 2016

NEW ZEALAND

Risk margins

Operating expenses
Asset allocation Half Year Ended Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 $M % $M $M % Insurance funds Cash and short-term deposits 154 145 Corporate bonds 330 315 Local government bonds 57 56 Government bonds 5 5 Total Insurance funds 546 521 Shareholders' funds Cash and short-term deposits 56 53 Interest-bearing securities 206 231 Equities 118 100 Total shareholders' funds 380 384 Total 926 905 Credit quality Dec-16 Jun-16 AVERAGE % % AAA 8.6 AA 62.9 A 26.3 BBB 2.2 100.0 Duration Dec-16 Jun-16 PROFORMA TEMPLATE		Dec-16 vs Dec-15 % Dec-15 % 9.1 60.6 27.7 2.6 100.0 Dec-15
Insurance funds
Interest rate duration (Yrs)	1.4	1.4
Shareholders' funds
Interestrate duration(Yrs)	2.6	2.5

Note: all data and commentary in the New Zealand section is displayed in New Zealand Dollars, unless otherwise specified 33

NEW ZEALAND

Investment performance

		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Investment income on insurance funds
Cash and short-term deposits		2	2
Interest-bearing securities and other 11 5 Total 13 7 Investment income on shareholder funds Cash and short-term deposits 1 2 Interest-bearing securities 7 4 Equities 5 4 Total 13 10 Total investment income 26 17 PROFORMA TEMPLATE

Note: all data and commentary in the New Zealand section is displayed in New Zealand Dollars, unless otherwise specified

Financial results for the half year ended 31 December 2016

NEW ZEALAND

Life Insurance

Profit contribution

Profit contribution
	Half Year Ended		Dec-16	Dec-16
Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
Life New Zealand $M	$M	$M	%	%
Planned profit margin	16	16
Experience 3 (4) Otherandinvestments 6 5 Underlying profit after tax 25 17 Market adjustments 9 2 Netprofit after tax 34 19 Life Risk in-force annual premium by channel Half Year Ended Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 $M $M $M % Advised 185 179 Direct 38 37 Group and other 6 6 Total 229 222 Total new business 12 13 Funds under management and administration Half Year Ended Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 $M $M $M % Funds under management and administration Opening balance at the start of the period 751 750 Net inflows (outflows) (6) 1 Investmentincome and other Balance at the end of theperiod 745 751 PROFORMA TEMPLATE				Dec-16 vs Dec-15 % Dec-16 vs Dec-15 %
Operating expenses
Note: all data and commentary in the New Zealand section is displayed in New Zealand Dollars, unless otherwise specified				35

Financial results for the half year ended 31 December 2016

NEW ZEALAND

Market adjustments

Market adjustments
		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Life risk policy liability impact		6	1
Investment income experience		4	1
Annuitiesmarket adjustments		(1)	-
Total market adjustments		9	2

Life Risk policy liability impact Investment income experience Shareholder investment income Half Year Ended Dec-16 Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 vs Dec-15 $M $M $M % % Shareholder investment income on invested assets 7 4 Less underlyinginvestmentincome: (3) (3) Investment income experience 4 1 . PROFORMA TEMPLATE

Note: all data and commentary in the New Zealand section is displayed in New Zealand Dollars, unless otherwise specified

Financial results for the half year ended 31 December 2016

GROUP

Group Capital

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Investments
Investment strategy and arrangements
Investment markets commentary
The key market metrics for the year are in the table below:
Dec-16
Investment Variables Dec-16 Jun-16 vs Jun-16
3 year bond yield 1.55
10 year bond yield 1.98
10 year breakeven inflation rate 1.57
AA 3 year credit spreads 119
Semi-government spreads 35
Australian fixed interest (Bloomberg composite index) 8,987
Australian equities (total return) 48,872
International equities (hedged total return) 1,235
Suncorp Group Limited
Half Year Ended Dec-16 Dec-16
Dec-16 Jun-16 Dec-15 vs Jun-16 vs Dec-15
(Pre-tax) $M $M $M % %
Investment income
Cash and short-term deposits 3 3
Interest-bearing securities and other 8 4
Total 11 7
Dividends
The Group’s franking credit balance is set out below.
PROFORMA TEMPLATE
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The Group’s franking credit balance is set out below.
		Half Year Ended
	Dec-16	Jun-16	Dec-15
	$M	$M	$M
Franking credits
Franking credits available for subsequent financial periods based on a tax rate of 30% after
proposed dividends		146	156

Financial results for the half year ended 31 December 2016

GROUP

Income tax

Income tax
		Half Year Ended
	Dec-16	Jun-16	Dec-15
	$M	$M		$M
Reconciliation of prima facie income tax expense to actual tax expense:
Profit before tax		748		759
Prima facie domestic corporation tax rate of 30% (2015: 30%)		224		228
Effect of tax rates in foreign jurisdiction		(3)		(2)
Effect of income taxed at non-corporate tax rate - Life 1 Tax effect of amounts not deductible (assessable) in calculating taxable income: Non-deductible expenses 7 Non-deductible expenses - Life 11 Amortisation of intangible assets 3 Dividend adjustments 7 Tax exempt revenues (2) Current year rebates and credits (25) Prior year under/over provision 4 Other 9 Total income tax expense(Credit) onpre-taxprofit 236 Effective tax rate 31.6% Income tax expense recognised in profit consists of: Current tax expense Current tax movement 258 Current year rebates and credits (1) Adjustmentsforprior financialyears 4 Total current tax expense 261 Deferred tax expense Origination and reversal of temporary differences (25) Adjustmentsforprior financialyears - Total deferred tax expense (25) Total income tax expense 236 Income tax expense (benefit) by business unit Insurance 128 Banking & Wealth 90 New Zealand 42 Other (24) Total income tax expense 236 Reinsurance PROFORMA TEMPLATE				3 7 - 3 2 - (6) (7) (2) 226 29.8% 265 (30) (37) 198 (2) 30 28 226 102 89 30 5 226

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 1 – Consolidated statement of comprehensive income and financial position

Consolidated statement of comprehensive income

This consolidated statement of comprehensive income presents revenue and expense categories that are reported for statutory purposes.

Half Year Ended Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 $M $M $M % Revenue Insurance premium income 4,937 4,962 Reinsurance and other recoveries income 829 792 Interest income on - financial assets not at fair value through profit or loss 1,298 1,324 - financial assets at fair value through profit or loss 308 298 Dividend and trust distribution income 50 121 Fees and other income 268 300 Total revenue 7,690 7,797 Expenses Claims expense and movement in policyowner liabilities (3,737) (3,824) Outwards reinsurance premium expense (631) (589) Underwriting and policy maintenance expenses (1,139) (1,195) Interest expense on - financial liabilities not at fair value through profit or loss (737) (756) - financial liabilities at fair value through profit or loss (46) (48) Net losses on financial assets and liabilities not at fair value through profit or loss (27) (133) Impairment loss on loans and advances (5) (11) Amortisation and depreciation expense (94) (71) Fees, overheads and otherexpenses (526) (411) Total expenses (6,942) (7,038) Profit before tax 748 759 Income tax expense (236) (226) Profit for theperiod 512 533 Other comprehensive income *Items that will be reclassified subsequently to profit or loss* Net change in fair value of cash flow hedges 5 21 Net change in fair value of available-for-sale financial assets 1 (3) Exchange differences on translation of foreign operations 19 56 Income tax expense (1) (6) 24 68 *Items that will not be reclassified subsequently to profit or* *loss* Actuarial gains/(losses) on defined benefit plans (10) - Income taxonothercomprehensiveincome 3 - (7) - Total other comprehensive income 17 68 PROFORMA TEMPLATE	Half Year Ended Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 $M $M $M % Revenue Insurance premium income 4,937 4,962 Reinsurance and other recoveries income 829 792 Interest income on - financial assets not at fair value through profit or loss 1,298 1,324 - financial assets at fair value through profit or loss 308 298 Dividend and trust distribution income 50 121 Fees and other income 268 300 Total revenue 7,690 7,797 Expenses Claims expense and movement in policyowner liabilities (3,737) (3,824) Outwards reinsurance premium expense (631) (589) Underwriting and policy maintenance expenses (1,139) (1,195) Interest expense on - financial liabilities not at fair value through profit or loss (737) (756) - financial liabilities at fair value through profit or loss (46) (48) Net losses on financial assets and liabilities not at fair value through profit or loss (27) (133) Impairment loss on loans and advances (5) (11) Amortisation and depreciation expense (94) (71) Fees, overheads and otherexpenses (526) (411) Total expenses (6,942) (7,038) Profit before tax 748 759 Income tax expense (236) (226) Profit for theperiod 512 533 Other comprehensive income *Items that will be reclassified subsequently to profit or loss* Net change in fair value of cash flow hedges 5 21 Net change in fair value of available-for-sale financial assets 1 (3) Exchange differences on translation of foreign operations 19 56 Income tax expense (1) (6) 24 68 *Items that will not be reclassified subsequently to profit or* *loss* Actuarial gains/(losses) on defined benefit plans (10) - Income taxonothercomprehensiveincome 3 - (7) - Total other comprehensive income 17 68 PROFORMA TEMPLATE	Half Year Ended Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 $M $M $M % Revenue Insurance premium income 4,937 4,962 Reinsurance and other recoveries income 829 792 Interest income on - financial assets not at fair value through profit or loss 1,298 1,324 - financial assets at fair value through profit or loss 308 298 Dividend and trust distribution income 50 121 Fees and other income 268 300 Total revenue 7,690 7,797 Expenses Claims expense and movement in policyowner liabilities (3,737) (3,824) Outwards reinsurance premium expense (631) (589) Underwriting and policy maintenance expenses (1,139) (1,195) Interest expense on - financial liabilities not at fair value through profit or loss (737) (756) - financial liabilities at fair value through profit or loss (46) (48) Net losses on financial assets and liabilities not at fair value through profit or loss (27) (133) Impairment loss on loans and advances (5) (11) Amortisation and depreciation expense (94) (71) Fees, overheads and otherexpenses (526) (411) Total expenses (6,942) (7,038) Profit before tax 748 759 Income tax expense (236) (226) Profit for theperiod 512 533 Other comprehensive income *Items that will be reclassified subsequently to profit or loss* Net change in fair value of cash flow hedges 5 21 Net change in fair value of available-for-sale financial assets 1 (3) Exchange differences on translation of foreign operations 19 56 Income tax expense (1) (6) 24 68 *Items that will not be reclassified subsequently to profit or* *loss* Actuarial gains/(losses) on defined benefit plans (10) - Income taxonothercomprehensiveincome 3 - (7) - Total other comprehensive income 17 68 PROFORMA TEMPLATE
Total comprehensive income for theperiod	529	601
Profit for the period attributable to:
Owners of the Company	508	530
Non-controllinginterests	4	3
Profit for theperiod	512	533
Total comprehensive income for the period attributable to:
Owners of the Company	525	598
Non-controllinginterests	4	3
Total comprehensive income for theperiod	529	601

Consolidated statement of financial position

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 1 – Consolidated statement of comprehensive income and financial position (continued)

SGL statement of financial position

		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Current assets Cash and cash equivalents 2 2 Financial assets designated at fair value through profit and loss 520 510 Due from related parties 140 84 Other assets 3 5 Total current assets 665 601 Non-current assets Investment in subsidiaries 13,909 13,905 Due from related parties 770 770 Deferred tax assets 6 6 Otherassets 79 83 Total non-current assets 14,764 14,764 Total assets 15,429 15,365 Current liabilities Payables and other liabilities 7 9 Current tax liabilities 62 13 Due torelated parties 31 20 Total current liabilities 100 42 Non-current liabilities Subordinated notes 765 763 Preference shares 951 949 Total non-current liabilities 1,716 1,712 Total liabilities 1,816 1,754 Net assets 13,613 13,611 Equity Share capital 12,776 12,775 Reserves - - Retainedprofits 837 836 Total equity 13,613 13,611 SGL profit contribution Half Year Ended Dec-16 Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 vs Dec-15 PROFORMA TEMPLATE
	$M	$M	$M	%	%
Revenue
Dividend and interest income from subsidiaries		425	594
Interest and trust distribution income on financial assets at
fair value through profit or loss		11	7
Other income		2	2
Total revenue		438	603
Expenses
Interest expense on financial liabilities at amortised cost		(45)	(44)
Operating expenses		(3)	(2)
Total expenses		(48)	(46)
Profit before income tax		390	557
Income taxexpense		(2)	(2)
Profit for theperiod		388	555

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 2 – Ratio calculations

Ratios and statistics

		Half Year Ended	Half Year Ended	Half Year Ended	Dec-16	Dec-16
		Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
					%	%
Performance ratios
Earnings per share(1)
Basic (cents) 39.73 41.45 Diluted (cents) 39.02 40.56 Cash earnings per share(1) Basic (cents) 41.69 43.49 Diluted (cents) 40.86 42.47 Return on average shareholders' equity(1) (%) 7.7 7.9 Cash return on average shareholders' equity(1) (%) 8.1 8.3 Return on average total assets (%) 1.07 1.11 Insurance trading ratio (%) 10.3 9.4 Underlying insurance trading ratio (%) 11.0 10.1 Bank net interest margin (interest-earning assets) (%) 1.86 1.85 Shareholder summary Ordinary dividends per ordinary share (cents) 38.0 30.0 Special dividends per ordinary share (cents) - - Payout ratio (excluding special dividend)(1) Net profit after tax (%) 95.7 72.4 Cash earnings (%) 91.2 69.0 Payout ratio (including special dividend)(1) Net profit after tax (%) 95.7 72.4 Cash earnings (%) 91.2 69.0 Weighted average number of shares Basic (million) 1,278.6 1,278.5 Diluted (million) 1,358.2 1,358.5 Number of shares at end of period (million) 1,278.7 1,278.3 Net tangible asset backing per share ($) 6.02 5.95 Share price at end of period ($) 12.18 12.14 Productivity General Insurance expense ratio (%) 21.7 22.4 Bank cost to income ratio (%) 52.0 53.0 Financial position Total assets ($ million) 95,748 94,445 PROFORMA TEMPLATE
Net tangible assets	($ million)		7,692	7,601
Net assets	($ million)		13,570	13,446
Average Shareholders' Equity	($ million)		13,303	13,261
Capital
General Insurance Group PCA coverage	(times)		1.67	1.73
Bank capital adequacy ratio - Total	(%)		13.53	13.97
Bank Common Equity Tier 1 ratio	(%)		9.21	9.45
Suncorp Life total capital	($ million)		567	541
Additionalcapital held by Suncorp GroupLimited	($million)		148	243

(1) Refer to Appendix 11 for definitions.

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 2 – Ratio calculations (continued)

Earnings per share

Numerator


Numerator		Half Year Ended
	Dec-16	Jun-16 Dec-15
	$M	$M $M
Earnings:
Profit attributable to ordinary equity holders of the company (basic) 508 530 Interest expense on convertible preference shares (net of tax) 22 21 Profit attributable to ordinaryequityholders of the company (diluted) 530 551 Denominator Half Year Ended Dec-16 Jun-16 Dec-15 No. of Shares No. of Shares No. of Shares Weighted average number of shares: Weighted average number of ordinary shares (basic) 1,278,551,701 1,278,526,717 Effect ofconversionofconvertible preference shares 79,666,795 79,932,669 Weighted average number of ordinaryshares(diluted) 1,358,218,496 1,358,459,386 Cash earnings per share Numerator Half Year Ended Dec-16 Jun-16 Dec-15 $M $M $M Earnings: Cash Profit attributable to ordinary equity holders of the company (basic) 533 556 Interest expense on convertible preference shares (net of tax) 22 21 Cash Profit attributable to ordinary equityholders ofthe company (diluted) 555 577 Denominator Half Year Ended Dec-16 Jun-16 Dec-15 No. of Shares No. of Shares No. of Shares Weighted average number of shares: Weighted average number of ordinary shares (basic) 1,278,551,701 1,278,526,717 Effect of conversion of convertible preference shares 79,666,795 79,932,669 Weighted averagenumberofordinary shares (diluted) 1,358,218,496 1,358,459,386 PROFORMA TEMPLATE

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 2 – Ratio calculations (continued)

ASX listed securities

		Half Year Ended
	Dec-16	Jun-16		Dec-15
Ordinary shares (SUN) each fully paid
Number at the end of the period		1,286,600,980	1,286,600,980
Dividend declared for the period (cents per share) 38 Convertible preference shares (SUNPC) each fully paid Number at the end of the period 5,600,000 Dividend declared for the period ($ per share)(1) 2.42 Convertible preference shares (SUNPE) each fully paid Number at the end of the period 4,000,000 Dividend declared for the period ($ per share)(1) 1.98 Subordinated Notes (SUNPD) Number at the end of the period 7,700,000 Interest per note 2.48 Floating Rate Capital Notes (SBKHB) Number at the end of the period 715,383 Interest per note 1.44 (1) TEMPLATE				30 5,600,000 2.41 4,000,000 1.98 7,700,000 2.51 715,383 1.48

Classified as interest expense.

(1) Classified as interest expense.

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 3 – Underlying ITR

Appendix 3 – Underlying ITR
	Dec-16	Jun-16	Dec-15
	$M	$M		$M
Reported ITR		405		377
Reported reserve releases (above) below long-run expectations		(151)		(77)
Natural hazards above (below) long-run allowances		32		28
Investment income mismatch		148		59
Other: Risk margin (43) Abnormal (Simplification/restructuring) expenses 43 Underlying ITR 434 Underlying ITR ratio 11.0% PROFORMA TEMPLATE				(7) 24 404 10.1%

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 4 – General Insurance ITR Split

Personal Insurance

Personal Insurance
		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Grosswrittenpremium		2,404	2,383
Net earned premium 2,098 2,144 Net incurred claims (1,609) (1,610) Acquisition expenses (244) (243) Otherunderwriting expenses (125) (153) Totaloperating expenses (369) (396) Underwriting result 120 138 Investmentincome- insurancefunds (12) 11 Insurance trading result 108 149 % % % Ratios Acquisition expenses ratio 11.6 11.3 Otherunderwriting expensesratio 6.0 7.1 Total operatingexpenses ratio 17.6 18.4 Loss ratio 76.7 75.1 Combined operating ratio 94.3 93.5 Insurance tradingratio 5.1 6.9 Commercial Insurance Half Year Ended Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 $M $M $M % Grosswrittenpremium 1,603 1,413 Net earned premium 1,315 1,336 Net incurred claims (944) (936) Acquisition expenses (208) (211) Otherunderwriting expenses (110) (117) Total operatingexpenses (318) (328) Underwriting result 53 72 Investmentincome- insurancefunds 155 82 Insurance trading result 208 154 % % % PROFORMA TEMPLATE					Dec-16 vs Dec-15 %
Ratios
Acquisition expenses ratio		15.8	15.8
Otherunderwriting expensesratio		8.4	8.8
Totaloperating expensesratio		24.2	24.6
Loss ratio		71.8	70.1
Combined operating ratio		96.0	94.7
Insurance tradingratio		15.8	11.5

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 4 – General Insurance ITR Split (continued)

New Zealand (AU$)

New Zealand (AU$)
		Half Year Ended		Dec-16	Dec-16
Dec-16		Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Grosswrittenpremium		607	621
Net earned premium 533 512 Net incurred claims (286) (276) Acquisition expenses (120) (120) Otherunderwriting expenses (50) (48) Totaloperating expenses (170) (168) Underwriting result 77 68 Investmentincome- insurancefunds 12 6 Insurance trading result 89 74 % % % Ratios Acquisition expenses ratio 22.5 23.4 Otherunderwriting expensesratio 9.4 9.4 Totaloperating expensesratio 31.9 32.8 Loss ratio 53.7 53.9 Combined operating ratio 85.6 86.7 Insurance tradingratio 16.7 14.5 General Insurance Short-tail (includes NZ) Half Year Ended Dec-16 Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 vs Dec-15 $M $M $M % % Short-tail Grosswrittenpremium 3,494 3,472 Net earned premium 2,996 3,010 Net incurred claims (2,163) (2,197) Acquisition expenses (459) (448) Otherunderwriting expenses (228) (255) Totaloperating expenses (687) (703) Underwriting result 146 110 Investmentincome- insurancefunds 8 20 Insurance trading result 154 130 PROFORMA TEMPLATE
	%	%	%
Ratios
Acquisition expenses ratio		15.3	14.9
Otherunderwriting expensesratio		7.6	8.5
Totaloperating expensesratio		22.9	23.4
Loss ratio		72.2	73.0
Combined operating ratio		95.2	96.4
Insurance tradingratio		5.1	4.3

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 4 – General Insurance ITR Split (continued)

General Insurance Long-tail (includes NZ)

		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Long-tail
Grosswrittenpremium 1,120 945 Net earned premium 950 982 Net incurred claims (676) (625) Acquisition expenses (113) (126) Otherunderwriting expenses (57) (63) Totaloperating expenses (170) (189) Underwriting result 104 168 Investmentincome- insurancefunds 147 79 Insurance trading result 251 247 % % % Ratios Acquisition expenses ratio 11.9 12.8 Otherunderwriting expensesratio 6.0 6.4 Totaloperating expensesratio 17.9 19.2 Loss ratio 71.2 63.7 Combined operating ratio 89.1 82.9 Insurance tradingratio 26.4 25.2 PROFORMA TEMPLATE

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 5 – Group capital

Group capital position

General Insurance capital

Bank capital Life capital Capital instruments

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 6 – Operating expenses

Appendix 6 – Operating expenses
	Dec-16	Jun-16	Dec-15
	$M	$M	$M
Australia General Insurance operating expenses
Acquisition expenses		452	454
Other underwriting expenses		235	270
Australia General Insurance operating expenses		687	724
New Zealand General Insurance operating expenses
Acquisition expenses 120 Other underwriting expenses 50 New Zealand General Insurance operating expenses 170 Bank operating expenses Other underwriting expenses 313 Bank operating expenses 313 Life operating expenses Other underwriting expenses 139 Life operating expenses 139 Group total operating expenses 1,309 PROFORMA TEMPLATE			120 48 168 326 326 142 142 1,360

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 7 – Life Embedded Value

The components of value are shown in the table below:

Embedded Value and Value of One Year’s Sales

		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Adjusted net worth 78 85 Value of distributable profits 1,689 1,623 Value of imputationcredits 247 228 Value of in-force 1,936 1,851 Traditional Embedded Value 2,014 1,936 Value of One Year’s Sales(VOYS) 25 23 Change in Embedded Value PROFORMA TEMPLATE

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 8 – Life Risk Assumptions

Life Risk Assumptions (Australia)

Life Risk Assumptions (Australia)
Dec-16	Jun-16
%per annum	%per annum
Investment return for underlying asset classes (gross of tax)
Risk-free rate (at 10 years)		2.0
Cash		2.0
Fixed interest 2.5 Australian equities (inc. allowance for franking credits)(1) 6.0 International equities 6.0 Property 4.5 Investment returns(net of tax) 2.3 Inflation ExpenseInflation 2.5 Risk discount rate 6.0 Life Risk Assumptions (New Zealand) Dec-16 Jun-16 % perannum % perannum Investment return for underlying asset classes (gross of tax) Risk-free rate (at 10 years) 3.2 Cash 2.7 Fixed interest 2.7 Australian equities (inc. allowance for franking credits) 6.9 International equities 5.9 Property 4.9 Investment returns(net of tax) 2.0 Inflation ExpenseInflation 2.3 Risk discount rate 6.3 PROFORMA TEMPLATE

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 9 – Statement of assets and liabilities

General Insurance

General Insurance
		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Assets
Cash and cash equivalents		444	285
Investment securities 12,536 12,086 Derivatives 28 37 Loans and advances 2,971 2,612 Reinsurance and other recoveries 1,714 2,035 Deferred insurance assets 1,614 1,312 Due from related parties 180 165 Property, plant and equipment 46 38 Other assets 169 164 Goodwillandintangible assets 5,036 5,061 Totalassets 24,738 23,795 Liabilities Payables and other liabilities 1,494 828 Derivatives 177 139 Due to related parties 299 182 Deferred tax liabilities 14 34 Unearned premium liabilities 4,864 4,681 Outstanding claims liabilities 9,425 9,479 Subordinated notes 552 588 Total liabilities 16,825 15,931 Net assets 7,913 7,864 Reconciliation of Net assets to Common Equity Tier 1 Capital Net assets 7,913 7,864 Insurance liabilities in excess of liability valuation 495 505 Reserves excluded from regulatory capital (11) (11) Additional Tier 1 capital (510) (510) Goodwill allocated to GI Business (4,465) (4,461) Other Intangibles (including software assets) (590) (586) Other Tier 1 Deductions (5) (4) Common Equity Tier 1 Capital 2,827 2,797 PROFORMA TEMPLATE

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 9 – Statement of assets and liabilities (continued)

Life Insurance and Wealth

		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Total assets
Assets
Invested assets		2,206	4,957
Assets backing annuity policies 140 130 Assets backing participating policies 2,314 2,247 Deferred tax assets 33 53 Reinsurance ceded 461 419 Other assets 345 271 Goodwill and intangible assets 223 223 5,722 8,300 Liabilities Payables 287 257 Subordinated debt 100 100 Outstanding claims liabilities 309 234 Deferred tax liabilities 95 91 Policy liabilities 2,651 5,381 Unvested policyholder benefits(1) 261 318 3,703 6,381 Total net assets 2,019 1,919 Policyholder assets Invested assets 715 3,512 Assets backing annuity policies 140 130 Assets backing participating policies 2,314 2,247 Other assets 43 65 3,212 5,954 Liabilities Payables - - Policy liabilities 2,951 5,636 Unvested policyholder benefits(2) 261 318 3,212 5,954 Policyholder net assets - - Shareholder assets Assets Invested assets 1,491 1,445 Deferred tax assets 33 53 Reinsurance ceded 461 419 Other assets 302 206 Goodwill and intangible assets 223 223 2,510 2,346 Liabilities Payables 287 257 Subordinated debt 100 100 Outstanding claims liabilities 309 234 PROFORMA TEMPLATE
Deferred tax liabilities		95	91
Policy liabilities		(300)	(255)
		491	427
Shareholder net assets		2,019	1,919
Reconciliation of net equity to Common Equity Tier 1 Capital
Net equity - Life line of business		2,019	1,919
Goodwill & intangibles		(223)	(223)
Policy liability adjustment and Deferred tax		(1,328)	(1,254)
Other Tier 1 Deductions		(1)	(1)
Common Equity Tier 1 Capital		467	441

(1) The large movements reflect restructuring in the Wealth corporate structure.

(2) Includes participating business policyholder retained profits.

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 9 – Statement of assets and liabilities (continued)

Bank

Bank
		Half Year Ended		Dec-16	Dec-16
	Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
	$M	$M	$M	%	%
Assets
Cash and cash equivalents 1,028 765 Receivables due from other banks 552 464 Trading securities 1,497 1,119 Derivatives 675 663 Investment securities 5,225 5,520 Loans and advances 54,134 52,673 Due from related parties 295 268 Deferred tax assets 44 47 Other assets 145 190 Goodwillandintangible assets 262 262 Totalassets 63,857 61,971 Liabilities Deposits and short-term borrowings 45,421 44,022 Derivatives 498 358 Payables due to other banks 332 401 Payables and other liabilities 346 323 Due to related parties 135 99 Securitisation liabilities 2,544 3,154 Debt issues 9,860 8,891 Subordinatednotes 742 742 Total liabilities 59,878 57,990 Net assets 3,979 3,981 Reconciliation of net equity to Common Equity Tier 1 Capital Net equity - Banking line of business 3,979 3,981 Additional Tier 1 capital (450) (450) Goodwill allocated to Banking Business (240) (240) Regulatory capital equity adjustments (29) (23) Regulatory capital deductions (295) (299) Other reserves excludedfromCommon EquityTier 1 (85) (96) Common Equity Tier 1 Capital 2,880 2,873 PROFORMA TEMPLATE

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 10 – Life invested shareholder assets

Australia Life invested shareholder assets (AU$)

	Half Year Ended		Dec-16	Dec-16
Dec-16	Jun-16	Dec-15	vs Jun-16	vs Dec-15
$M	$M	$M	%	%
Cash	500	407
Fixed interest securities	713	798
Equities 31 18 Property 10 9 Total 1,254 1,232 New Zealand Life invested shareholder assets (NZ$) Half Year Ended Dec-16 Dec-16 Jun-16 Dec-15 vs Jun-16 $M $M $M % Cash 27 26 Fixedinterest securities 221 201 Total 248 227 PROFORMA TEMPLATE				Dec-16 vs Dec-15 %

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 11 – Definitions

Acquisition expense ratio	Acquisition expenses expressed as a percentage of net earned premium
ADI	Authorised Deposit-taking Institution
Annuities market adjustments	The value of annuity obligations are determined by discounting future obligations into today’s dollars
	using risk-free rates. The value of such obligations fluctuates as market referenced discount rates
	change. The value of assets backing annuity obligations also fluctuates with investment markets.
	The net impact of both of these market-driven valuation changes are removed from Suncorp Life’s
	Underlying Profit and recorded as annuity market adjustments
APRA Australian Prudential Regulation Authority Basis points (bps) A ‘basis point’ is 1/100th of a percentage point Cash earnings Net profit after tax adjusted for the amortisation of acquisition intangible assets, the profit or loss on divestments and their tax effect Cash earnings per share Basic: cash earnings divided by the weighted average number of ordinary shares (net of treasury shares) outstanding during the period Diluted: cash earnings adjusted for consequential changes in income or expenses associated with the dilutive potential ordinary shares divided by the weighted average number of diluted shares (net of treasury shares) outstanding during the period Cash return on average shareholders' equity Cash earnings divided by average equity attributable to owners of the Company. Averages are based on monthly balances over the period. The ratio is annualised for half years Combined operating ratio The percentage of net earned premium that is used to meet the costs of all claims incurred plus pay the costs of acquiring (including commission), writing and servicing the General Insurance business Common Equity Tier 1 (CET1) Common Equity Tier 1 Capital comprises accounting equity plus adjustments for intangible assets and regulatory reserves Common Equity Tier 1 Ratio Common Equity Tier 1 divided by the Prescribed Capital Amount for Life and General Insurance, or total risk-weighted assets for the Bank Connected Customer Connected customers represent customers with two or more needs met across the following need categories: Home / Property; Self; Mobility and Money Cost to income ratio Operating expenses of the Banking business divided by total income from Banking activities Credit risk-weighted assets Total of the carrying value of each asset class multiplied by their assigned risk weighting, as defined by APRA Deferred acquisition costs (DAC) The portion of acquisition costs not yet expensed on the basis that it can be reliably measured and it is probable that it will give rise to premium revenue that will be brought to account in subsequent financial periods Deposit to loan ratio Total retail deposits divided by total loans and advances, excluding other receivables Diluted shares Diluted shares is based on the weighted average number of ordinary shares outstanding during the period adjusted for potential ordinary shares that are dilutive in accordance with AASB 133 Earnings per Share Effective tax rate Income tax expense divided by profit before tax Embedded Value Embedded Value is equivalent to the sum of the adjusted net worth and the net present value of all future cash flows distributable to the shareholder that are expected to arise from in-force business, together with the value of franking credits Equity reserve for credit losses The equity reserve for credit losses represents the difference between the collective provision for PROFORMA TEMPLATE
	impairment and the estimate of credit losses across the credit cycle based on guidance provided by
	APRA
Fire service levies (FSL)	The expense levied on premiums for insurance policies with a fire risk component, which is
	recoverable from insurance companies by the applicable State Government. Fire service levies were
	established to cover corresponding fire brigade charges
Funds under administration (FUA)	Funds where the Superannuation Australia business receives a fee for the administration of an asset
	portfolio
General Insurance – Commercial	Commercial products consist of commercial motor insurance, commercial property insurance,
	marine insurance, industrial special risk insurance, public liability and professional indemnity
	insurance and compulsory third party insurance
General Insurance – Personal	Personal products consist of home and contents insurance, motor insurance, boat insurance, and
	travel insurance

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 11 – Definitions (continued)

Gross non-performing loans	Gross impaired assets plus past due loans
Impairment losses to gross loans and	Impairment losses on loans and advances divided by gross loans and advances. The ratio is
advances	annualised for half years
Insurance Trading Result	Underwriting result plus investment income on assets backing technical reserves
Insurance Trading Ratio (ITR)	The insurance trading result expressed as a percentage of net earned premium
Life insurance policyholders' interests	Amounts due to an entity or person who owns a life insurance policy. This need not be the insured.
This is distinct from shareholders’ interests Life risk in-force annual premiums Total annualised statistical premium for all business in-force at the date (including new business written during the reporting period) Life risk new business annual premiums Total annualised statistical premium for policies issued during the reporting period Life underlying profit after tax Net profit after tax less market adjustments. Market adjustments represents the impact of movements in discount rates on the value of policy liabilities, investment income experience on invested shareholder assets and annuities mismatches Loss ratio Net claims incurred expressed as a percentage of net earned premium. Net claims incurred consist of claims paid during the period increased (or decreased) by the increase (decrease) in outstanding claims liabilities Net interest spread The difference between the average interest rate on average interest earning assets and the average interest rate on average interest bearing liabilities Net profit after tax Net profit after tax attributable to owners of the Company derived in accordance with Australian Accounting Standards Net tangible asset backing per share Total equity less intangible assets divided by ordinary shares at the end of the period adjusted for treasury shares Other underwriting expenses ratio Other underwriting expenses expressed as a percentage of net earned premium Past due loans Loans outstanding for more than 90 days Payout ratio – cash earnings Ordinary shares (net of treasury shares) at the end of the period multiplied by the ordinary dividend per share for the period divided by cash earnings Payout ratio – net profit after tax Ordinary shares (net of treasury shares) at the end of the period multiplied by the ordinary dividend per share for the period divided by profit after tax Profit after tax from business lines The net profit after tax for the Insurance, Banking and Wealth and New Zealand business lines Return on average shareholders' equity Net profit after tax divided by average equity attributable to owners of the Company. Averages are based on monthly balances over the period. The ratio is annualised for half years Return on average total assets Net profit after tax divided by average total assets. Averages are based on beginning and end of period balances. The ratio is annualised for half years Return on Common Equity Tier 1 Net profit after tax adjusted for dividends paid on capital notes divided by average Common Equity Tier 1 Capital. Average Common Equity Tier 1 Capital is based on the monthly balance of Common Equity Tier 1 Capital over the period. The ratio is annualised for half years Total capital ratio Total capital divided by the Prescribed Capital Amount for Life and General Insurance, or total risk- weighted assets for the Bank, as defined by APRA Total operating expense ratio Total operating expenses (acquisition and other underwriting expenses) expressed as a percentage of net earned premium PROFORMA TEMPLATE
Total risk-weighted assets	Bank credit risk-weighted assets, off-balance sheet positions and market risk capital charge and
	operational risk charge, as defined by APRA
Treasury shares	Ordinary shares of Suncorp Group Limited that are acquired by subsidiaries
Value of one year’s sales (VOYS)	An estimate of the present value of all distributable profits expected from the new policies sold in a
	given year

Financial results for the half year ended 31 December 2016

APPENDICES

Appendix 12 – 2017 key dates[(1)]

Ordinary shares (SUN)

Half year results announcement

Ex-dividend date Dividend payment

9 February 2017 21 February 2017 3 April 2017

Full year results and final dividend announcement 3 August 2017 Ex-dividend date 16 August 2017 Dividend payment 20 September 2017 Annual General Meeting 21 September 2017 Convertible Preference Shares 2 (SUNPC) Convertible Preference Shares 3 (SUNPE) Ex-dividend date 9 March 2017 Ex-dividend date 2 March 2017 Dividend payment 17 March 2017 Dividend payment 17 March 2017 Ex-dividend date 8 June 2017 Ex-dividend date 1 June 2017 Dividend payment 19 June 2017 Dividend payment 19 June 2017 Ex-dividend date 8 September 2017 Ex-dividend date 1 September 2017 Dividend payment 18 September 2017 Dividend payment 18 September 2017 Ex-dividend date 8 December 2017 Ex-dividend date 1 December 2017 Dividend payment 18 December 2017 Dividend payment 18 December 2017 Subordinated Notes (SUNPD) Floating Rate Capital Notes (SBKHB) Ex-interest date 13 February 2017 Ex-interest date 14 February 2017 Interest payment 22 February 2017 Interest payment 2 March 2017 Ex-interest date 11 May 2017 Ex-interest date 12 May 2017 Interest payment 22 May 2017 Interest payment 30 May 2017 Ex-interest date 11 August 2017 Ex-interest date 14 August 2017 Interest payment 22 August 2017 Interest payment 30 August 2017 Ex-interest date 13 November 2017 Ex-interest date 14 November 2017 Interest payment 22 November 2017 Interest payment 30 November 2017

Annual General Meeting

Convertible Preference Shares 3 (SUNPE)

Ex-dividend date 9 March 2017 Ex-dividend date 2 March 2017 Dividend payment 17 March 2017 Dividend payment 17 March 2017 Ex-dividend date 8 June 2017 Ex-dividend date 1 June 2017 Dividend payment 19 June 2017 Dividend payment 19 June 2017 Ex-dividend date 8 September 2017 Ex-dividend date 1 September 2017 Dividend payment 18 September 2017 Dividend payment 18 September 2017 Ex-dividend date 8 December 2017 Ex-dividend date 1 December 2017 Dividend payment 18 December 2017 Dividend payment 18 December 2017

(1) All dates are subject to change. Dividend dates will be confirmed upon their declaration.

AI assistant

SUNCORP GROUP LIMITED — Interim / Quarterly Report 2017

65879_rns_2017-01-12_2a8961d2-c3ae-4396-bfc8-93a533a5310a.pdf

13 January 2017

Analyst Pack template based on revised operating model

Ends

Basis of preparation

Disclaimer

Registered office

Investor Relations

Table of Contents

GROUP

Operational summary

Contribution to profit by division

GROUP

Statement of financial position

INSURANCE

Insurance

Outlook

INSURANCE

Profit contribution including discount rate movements and FSL

Profit contribution excluding discount rate movements and FSL

INSURANCE

General Insurance

Gross Written Premium

Net incurred claims

Natural hazards

INSURANCE

Outstanding claims provisions over time

Total 7,440 7,176 Risk margins Operating expenses Managed schemes Joint venture and other income Investment income

Asset allocation

INSURANCE

Investment performance

Life Insurance

Profit contribution

INSURANCE

Life Insurance shareholder investment income

BANKING & WEALTH

Banking & Wealth

Result overview

Outlook

BANKING & WEALTH

Profit contribution

BANKING & WEALTH

Bank

BANKING & WEALTH

Commercial (SME)

Commercial (SME) portfolio breakdown

BANKING & WEALTH

Bank funding composition

BANKING & WEALTH

Funding

BANKING & WEALTH

Average banking balance sheet

BANKING & WEALTH

Net non-interest income

BANKING & WEALTH

Non-performing loans

BANKING & WEALTH

Provision for impairment

NEW ZEALAND

New Zealand

NEW ZEALAND

Profit contribution (AU$)

NEW ZEALAND

Profit contribution (NZ$)

NEW ZEALAND

General Insurance

NEW ZEALAND

Net incurred claims

Natural hazards

Financial results for the half year ended 31 December 2016

NEW ZEALAND

Risk margins

Note: all data and commentary in the New Zealand section is displayed in New Zealand Dollars, unless otherwise specified 33

NEW ZEALAND

Investment performance

NEW ZEALAND

Life Insurance

Profit contribution

SUNCORP GROUP LIMITED Interim / Quarterly Report 2017