Glossary of Terms
Impairment losses to gross loans and advances
Impairment losses on loans and advances divided by gross loans and advances. The ratio is annualised for half years
Insurance Australia function
Suncorp's Insurance Australia business provides consumer, commercial and personal injury products to the Australian market. The Suncorp Group is one of Australia's largest general insurers by Gross Written Premium and Australia's largest compulsory third party insurer.
Insurance funds
Insurance funds explicitly back insurance liabilities. They are designed to match the insurance liabilities and are managed separately from shareholders' funds
Insurance Trading Ratio (ITR)
The insurance trading result expressed as a percentage of net earned premium
Insurance Trading Result
Underwriting result plus investment income on assets backing technical reserves