Page 1

ASX announcement 1 Suncorp Group Limited | ABN 66 145 290 124 | Level 23, 80 Ann Street, Brisbane Qld 4000 suncorpgroup.com.au 29 October 2026 Suncorp 2026 Investor Update and FY27 outlook Suncorp (ASX: SUN | ADR: SNMCY) is hosting an Investor Update today, outlining how Suncorp is leveraging its strategic investments to deliver better customer outcomes and create sustainable shareholder value. The presentation is attached. Suncorp Chief Executive Officer and Managing Director Steve Johnston said the Group ’s transformation had established strong foundations as a pure-play Trans-Tasman general insurer with modern platforms, and positioned Suncorp well to unlock further value for customers and shareholders. “Having simplified the business, strengthened our core franchise and invested in modern platforms, data, artificial intelligence and resilience, our focus is now on leveraging those investments to improve customer outcomes, drive operational performance and deliver attractive shareholder returns," Mr Johnston said. “We believe our competitive advantages position us strongly for the opportunities ahead. Our brands, technology, scale, and enhanced resilience give us confidence in our ability to create more contemporary products, deliver more personalised customer experiences, increase seamless digital self -service and use AI at scale to transform customer and claims journeys.” Updated FY27 outlook FY27 GWP growth is expected to be around 3%1. GWP growth has been impacted by the loss of a single large commercial contract (FY27 GWP impact of $125 million) and ongoing weakness in the New Zealand dollar. The weaker New Zealand dollar is expected to reduce growth by approximately 70 basis points in Australian dollar terms. The full impact of the commercial contract will be reflected in the first half, resulting in full year GWP growth being weighted to the second half. There is no other change to the FY27 outlook previously provided and UITR margin is expected to remain in the top half of the 10-12% range. The Investor Update will commence at 9:00am AEDT and a live video webcast can be accessed via the Suncorp Group website. A recording will be made available following the event. ENDS Authorised for lodgement with the ASX by the Suncorp Disclosure Committee. For more information contact: Media James Spence +61 436 457 886 james.spence@suncorp.com.au Analysts / Investors Neil Wesley +61 498 864 530 neil.wesley@suncorp.com.au Nicholas Janu +61 437 674 317 nicholas.janu@suncorp.com.au 1 Assumes average FY27 FX rate of AUD 0.81 per NZD.