Supporting customers since 1902

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1902

Queensland Agricultural Bank opened its first branch in south west Queensland providing loans to rural communities.

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1916

The State Accident Insurance Office was established, and quickly became the State Government Insurance Office (SGIO) providing life and general insurance products, and compulsory third party products.

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1959

Metway Bank was created by the conversion of Metropolitan Permanent Building Society (MPBS) to an authorised bank. MPBS grew to become one of Queensland's major building societies.

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1986

Queensland Agricultural Bank became the Queensland Government owned QIDC. QIDC expanded its operations to include commercial lending to small and medium-sized businesses.

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1988

Metropolitan Building Society converted to bank status and listed on the Australian Stock Exchange as Metway Bank.

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1990

Metway Bank acquired Prudential Finance Limited and, in 1992, the Household Building Society.

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1996

Suncorp, owned by the Queensland Government and QIDC merged with Metway Bank to create Suncorp Metway, Australia's fifth largest listed financial services group. Queensland Government was the largest shareholder of the new group with a 68 per cent holding.

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1997

Queensland Government issued 100 million Exchanging Instalment Notices giving preference to existing customers and shareholders of Suncorp, Metway and QIDC. On completion of the offer, the Government's interest in the company was reduced to four per cent. The public paid $6.10 for the notes in two instalments and these exchanged for ordinary shares on 1 November 1999.

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1999

The new brand, Suncorp Metway, was launched, enabling the delivery of the Group's resources under one banner.

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2000

Queensland Government announced a total sell down of its Suncorp Metway shareholding through a second Exchanging Instalment Notes offer. The second issue attracted considerable public interest. The public paid $7.10 in two instalments, the second being paid on 6 November 2000. These notes were exchanged for ordinary shares on 31 October 2001.

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2001

Suncorp acquired AMP Limited’s Australian general insurance interests. The number of general insurance customers doubled and the business became more diversified, with growth in personal and commercial lines and the addition of workers compensation lines.

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2002

Suncorp's acquisition of 50 per cent of AMP's shareholdings in motoring club insurance joint ventures Royal Automobile Club of Queensland (RACQ) and the Royal Automobile Association (RAA) was completed. In March 2004 the Group acquired Royal Automobile Club of Tasmania (RACT).

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2002

Suncorp Metway simplified the brand to Suncorp, providing insurance solutions in Queensland, and banking and wealth solutions nationally. The Group continued to use the GIO brand for business outside Queensland.

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2007

Suncorp merged with Promina Group, a group with operations which dated back to 1833 in Australia and 1878 in New Zealand. Suncorp’s insurance brands now included AAMI, Bingle, Apia, Shannons, GIO, Terri Scheer, CIL, Vero, Asteron Life and Resilium in Australia, and Vero, AA Insurance, and Asteron Life in New Zealand.

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2010

Suncorp Group sold its stake in Royal Automobile Club of Queensland (RACQ) and the Royal Automobile Association (RAA) back to the respective motoring clubs.

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2016

Suncorp introduced a new logo - its first refresh since 1996.

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2022

In its 120th year of service, Suncorp Group announces it has signed a share sale and purchase agreement with Australia and New Zealand Banking Group Limited (ANZ) to sell its banking business.

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2024

Suncorp and ANZ announce the completion of the sale of Suncorp Bank to ANZ on 31 July, following approvals from the Australian Competition Tribunal on 20 February, and the Federal Treasurer under the Financial Sector (Shareholdings) Act on 28 June. Suncorp Group's focus turns to becoming a leading Trans-Tasman insurer.

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Today

Suncorp Group is a Trans–Tasman insurance company, headquartered in Brisbane. With a heritage dating back more than 100 years, today the Group has three portfolios: Consumer Insurance, Commercial and Personal Injury Insurance and Suncorp New Zealand, and provides insurance products and services through some of Australia and New Zealand’s most recognisable brands.

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