SUN suncorp group limited

News: SUN Australia's Suncorp Group H1 profit hurt by Sydney hailstorm claims

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    Feb 14 (Reuters) - Australian insurer Suncorp Group Ltd (SUN) posted a 45 percent fall in its first-half profit on Thursday, hurt by losses arising from a surge in natural hazard claims following a hailstorm in Sydney and lower investment returns.

    Net profit for the six months ended Dec. 31 was A$250 million ($177.15 million), compared with A$452 million the year earlier.

    The firm declared an interim dividend of 26 cents per share. ($1 = 1.4112 Australian dollars)

 
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