Brisbane Floods vs ASX Insurance dips
3 min readMar 1, 2022
We are in the unique position of experiencing another Brisbane flood only 11 years after the ‘once in a lifetime’ event of 2011.
KeysDocuments/resources
“Flood summary for the Brisbane River at Brisbane City” http://www.bom.gov.au/qld/flood/fld_reports/brisbane_fact_sheet_2011.pdf
- 13/01/2011 Peaked at 4.46 metres
- Estimated 26600 houses and 5000 businesses affected during the flood.
- Estimated 12500 properties were inundated by flood waters
- above minor flood level (1.7 m) from 11/01/2011 to 14/01/2011.
Looking at Suncorp (ASX:SUN) we can see very small response in share price initially.
Pulling back to a wider timeframe we can see Suncorp share price was in decline since November 2010. Falling 16% to 12/1/2011 then experiencing some short term bounce before falling a further 26% in August 2011.
August to September 2011 saw a rapid recovery of 34% over 23 days.
