SUN suncorp group limited

News: SUN Australia's Suncorp posts 29% drop in first half cash earnings

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    Feb 8 (Reuters) - Australia's Suncorp Group (SUN) reported a 29.1% drop in its first half cash earnings on Tuesday, hurt by rising cost of claims due to adverse weather, and expects its natural hazard costs for fiscal 2022 to be around A$1.08 bln ($769.28 mln).

    The country's second-biggest insurer by market value posted a cash earnings of A$361 million for the first half of fiscal 2022, down from A$509 million a year ago.

    ($1 = 1.4039 Australian dollars)

 
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