Suncorp jumps to better $1.19 billion profit

[Pelican Press 0]

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Suncorp jumps to better $1.19 billion profit

Suncorp has jumped to a better annual profit of $1.19 billion while calling out the tough environment for insurers.

Now focused on insurance after the ***** of its banking arm to ANZ, the Queensland-based group attributed the 11.7 per cent earnings rise to better margins, increased investment returns and reduced losses to natural hazards.

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