Aug 19 (Reuters) - Australian insurer Suncorp (SUN) posted a 16.6% rise in its annual cash earnings on Monday, helped by positive net investment returns underpinned by a rally in equities and higher returns on its interest-earning portfolio, and fewer-than-expected natural hazard claims.
The country's second-biggest insurer by market value recorded cash earnings of A$1.37 billion ($913.24 million) for the full year ended June 30, as compared with A$1.18 billion the prior year.
That compares with a Visible Alpha consensus of A$1.52 billion.
($1 = 1.5002 Australian dollars)
News: SUN Australian insurer Suncorp's annual cash earnings rise 16.6%
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Last
$20.76 |
Change
0.160(0.78%) |
Mkt cap ! $22.48B | |||
| Open | High | Low | Value | Volume |
| $20.53 | $20.80 | $20.43 | $41.47M | 2.000M |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
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| SUN (ASX) Chart |