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Notes to the consolidated fnancial statements (continued)

for the year ended 30 June 2011

26. Parent entity and subsidiaries (continued)

26.2 Material subsidiaries of Suncorp Group Limited

Equity holding Country of 2011 2010 Material subsidiaries of Suncorp Group Limited include 1, 2 Class of shares incorporation % %

General Insurance

Suncorp Insurance Holdings Limited Ordinary Australia 100 100 Suncorp Insurance Services Limited 3,4

(formerly Promgroup Limited) Ordinary Australia 100 100 Suncorp Group Holdings Pty Limited Ordinary Australia 100 100 Vero Insurance New Zealand Limited Ordinary New Zealand 100 100 Vero Insurance Limited 9 Ordinary Australia 100 100 Australian Alliance Insurance Company Limited Ordinary Australia 100 100 Australian Associated Motor Insurers Limited Ordinary Australia 100 100 Skilled Drivers of Australia Limited 6

Suncorp Insurance Funding 2007 Limited Ordinary Australia 100 100 Suncorp Metway Insurance Ltd Ordinary Australia 100 100 GIO General Limited Ordinary Australia 100 100 Terri Scheer Insurance Pty Ltd Ordinary Australia 100 100

Banking

SBGH Limited 5 Ordinary Australia 100 – Suncorp-Metway Ltd Ordinary Australia 100 100 APOLLO Series Trusts (various) 7 Units Australia 100 100 Suncorp Metway Advances Corporation Pty Ltd Ordinary Australia 100 100 SME Management Pty Limited Ordinary Australia 100 100

Life

Suncorp Life Holdings Limited (formerly Asteron Group Limited) 3 Ordinary Australia 100 100 Asteron Life Limited Ordinary Australia 100 100 Guardian Financial Planning Pty Limited Ordinary Australia 100 100 Prominvest Pty Limited Ordinary Australia 100 100 Asteron Life Limited Ordinary New Zealand 100 100 Suncorp Mortgage Company NZ Limited Ordinary New Zealand 100 – The New Zealand Guardian Trust Company Limited 8 Ordinary New Zealand – 100 Tyndall Investment Management New Zealand Limited 8 Ordinary New Zealand – 100 SIS Super Pty Ltd Ordinary Australia 100 100 Suncorp Custodian Services Pty Ltd Ordinary Australia 100 100 Suncorp Life & Superannuation Limited Ordinary Australia 100 100 Suncorp Portfolio Services Limited Ordinary Australia 100 100 Tyndall Investment Management Limited 8 Ordinary Australia – 100

Corporate

Suncorp Staff Pty Ltd (formerly Suncorp Metway Staff Pty Ltd) 3 Ordinary Australia 100 100 Suncorp Corporate Services Pty Ltd Ordinary Australia 100 100 Suncorp Metway Executive Performance Share Plan Trust Units Australia 100 100

Notes

1 The indentation of entities represents a summarised legal entity hierarchy of the Suncorp Group as at 30 June 2011. 2 Non-operating and immaterial operating subsidiaries are excluded from the above list. 3 Name changed on 9 September 2010.

4 Also registered as an overseas company in New Zealand. 5 Subsidiary incorporated on 25 August 2010.

6 As Skilled Drivers of Australia Limited is a company limited by guarantee and Australian Associated Motor Insurers Limited is not entitled to dividends or capital distributions, the fnancial performance or position of the company is not consolidated into the Suncorp Group results. 7 These trusts are special purpose entities (SPEs) created as part of the Suncorp Group’s loan securitisation program. As at 30 June 2011, the Suncorp Group held interests in ten trusts (2010: sixteen). Refer to note 33.1.1 for the basis of consolidation. 8 Entities disposed of during the year ended 30 June 2011. Refer to note 28.1.2 for details on the disposals.

9 Vero Insurance Limited (VIL) increased its interest in Australian Surety Corporation (ASC) from 50.5% interest to 100% interest on 31 March 2011. ASC was a subsidiary of VIL prior to this transaction and remains a subsidiary after this transaction.