Glossary of Terms
General insurance businesses
General insurance businesses include Insurance (Australia)'s general insurance business and New Zealand's general insurance business. This term is used when describing Suncorp's capital position and statement of financial position which are structured around the Group's legal entity structure, rather than business functions structure
Gross earned premium
The total premium on insurance earned by an insurer during a specified period on premiums underwritten in the current and previous underwriting years
Gross non-performing loans
Gross impaired assets plus past due loans
Gross written premium (GWP)
The total premium on insurance underwritten by an insurer during a specified period, before deduction of reinsurance premium