Five year performance summary
| Performance | FY23 | FY22 | FY21 |
FY20 | FY19 |
|
|---|---|---|---|---|---|---|
| Cash return on average shareholders’ equity | (%) | 9.6 | 5.2 |
8.1 | 5.9 | 8.4 |
| Return on average shareholders’ equity | (%) | 8.8 | 5.3 |
7.9 | 7.2 | 1.3 |
| Basic cash earnings per share | (cents) | 99.32 | 53.17 | 83.29 | 59.01 | 86.24 |
| Basic earnings per share |
(cents) |
90.92 | 53.80 |
80.86 | 71.93 | 13.54 |
| Net profit after tax attributable to shareholders1 |
($m) |
1,148 | 681 |
1,033 | 913 | 175 |
| General insurance gross written premium |
($m) | 12,559 | 11,382 | 10,531 | 9,952 | 9,811 |
| Reported insurance trading ratio |
(%) | 10.1 | 7.1 |
9.6 | 8.9 |
11.6 |
| Underlying insurance trading ratio |
(%) |
10.9 | 9.9 |
7.9 | 11.1 | 12.3 |
| Bank total lending2 |
($m) |
67,321 | 62,073 |
57,563 | 58,024 | 59,296 |
| Bank net interest margin |
(%) |
1.96 | 1.93 |
2.07 | 1.94 | 1.903 |
| Bank cost to income ratio |
(%) |
51.8 | 59.0 | 57.1 | 57.3 |
56.2 |
| Effective income tax rate |
(%) | 29.4 | 16.5 |
30.6 | 32.1 |
29.8 |
| Financial Strength | FY23 | FY22 | FY21 | FY20 | FY19 |
|
|---|---|---|---|---|---|---|
| Total assets | ($m) | 114,983 | 106,378 | 96,857 | 95,747 | 96,235 |
| Net assets | ($m) | 13,347 | 12,783 | 13,448 | 12,784 | 13,133 |
| Net tangible assets backing per share | ($) | 6.36 | 5.95 | 6.40 | 5.89 | 5.93 |
| Group excess to common equity tier 1 capital target (ex dividend) | ($m) | 34 | 82 | 773 | 823 | 989 |
| General insurance group total capital ratio (ex dividend) | (times PCA3) | 1.63 | 1.74 | 1.66 | 1.67 | 1.60 |
| Bank common equity tier 1 capital ratio5 | (% RWA4) | 10.39 | 9.08 | 10.07 | 9.34 | 9.27 |
| Shareholder Summary | FY23 | FY22 | FY21 | FY20 | FY19 |
|
|---|---|---|---|---|---|---|
| Ordinary share price at end of year6 | ($) | 13.49 | 10.98 | 11.11 | 9.23 | 13.47 |
| Number of ordinary shares at end of period7 | (million) | 1,265 | 1,261 | 1.280 | 1,276 | 1,293 |
| Ordinary dividend per ordinary share, fully franked | (cents) | 60 | 40 | 66 | 36 | 70 |
| Special dividend per ordinary share, fully franked | (cents) | - | - | 8 | - | 8 |
| Dividend payout ratio (excluding special dividend) | (%) | 60.4 | 74.9 | 79.3 | 60.7 | 81.2 |
| Dividend payout ratio (including special dividend) | (%) | 60.4 | 74.9 | 88.9 | 60.7 | 90.5 |
| Market capitalisation8 | ($m) | 17,086 | 13,863 | 14.254 | 11,811 | 17,491 |
1. FY20 impacted by the sale of Capital S.M.A.R.T and ACM parts, which resulted in a $285 million gain. FY19 impacted by the sale of the Australian Life business, which resulted in a $910 million loss.
2. Bank Total Lending balances for all periods have been restated to include 'Other Lending'.
3. Prescribed Capital Amount
4. Risk Weighted Assets
5. FY23 figure presented under Basel III effective 1 January 2023. All other periods have not been restated.
6. The Group structure has altered over the performance period as a result the divestment of the Australian Life business, Capital S.M.A.R.T and ACM Parts, and other corporate activity
7. Excluding Treasury shares
8. Market capitalisation calculated using total shares which includes Treasury shares. This also reflects capital management initiatives completed during the performance period.