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flag Severe storms in Australia and New Zealand caused $1.3 billion in Suncorp insurance payouts, exceeding expectations by $453 million.

flag Severe thunderstorms and massive hailstorms across eastern Australia and New Zealand in late October and mid-November triggered 71,000 natural hazard claims, leading to $1.3 billion in insurance payouts for Suncorp—$453 million above its expected allowance. flag A November 25 storm in southeast Queensland, with hail up to 9 centimeters in diameter, caused $542 million in claims, making it one of the insurer’s costliest events. flag Another storm on October 25 led to $358 million in payouts. flag Hail damage accounted for 26,400 claims and $708 million in losses, primarily to vehicles and property. flag The surge in claims significantly impacted Suncorp’s interim earnings.

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