Banking and insurance group Suncorp says it is on track to achieve its growth forecasts for the year ahead.
The owner of the AAMI and GIO brands has set a growth target for its revenues of between four and six per cent in the 2014/15 financial year, which chief executive Patrick Snowball reaffirmed at its annual general meeting on Thursday.
Suncorp's insurance businesses will also achieve underlying insurance margins of at least 12 per cent, he said.
"All this means that we remain on track for at least a 10 per cent return on equity this year," Mr Snowball said.
"I know that is significantly above analyst forecasts but we are unwavering in our commitment to meeting this target.
"There is still enough gas in the tank to ensure this group will continue to grow its top line, improve margins and keep its cost base flat."
Suncorp's net profit rose 49 per cent to $730 million in the 2013/14 financial year due to growth in its insurance and banking operations.
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