Suncorp has estimated natural peril costs for the financial year so far at $382-492 million, with the estimate made before wild weather hit SA and Victoria late last week.

The insurer’s preliminary estimates, released on Tuesday, include an October 20-22 Coffs Harbour hailstorm that could cost $70-100 million.

The natural hazard allowance for the December half is $490 million, with the insurer advising in August that it had estimated a full-year figure of $980 million, divided equally between the first and second six months.

Other events last month included in Tuesday’s figures include hail at Thirlmere in NSW, an eastern Australia complex low from October 13-16 and storms from September 23- October 1. Earlier events include a WA cold front, a SA low and eastern states winter winds.

Costs from the Victorian earthquake in September are estimated at $50-70 million, New Zealand heavy rain in July had a $31 million impact and a North Island storm at the end of August cost $13 million.

Natural hazard attritional claims, where events are below $5 million, have totalled $94 million.

The insurer says preliminary estimate ranges have been based on lodgement patterns and historical average claims costs.

A Suncorp spokesman told insuranceNEWS.com.au that it was too early to estimate losses from the storms that hit SA and Victoria late last week.