(Adds more details about results from paragraph 2)
Aug 19 (Reuters) - Australian insurer Suncorp (SUN) posted an about 17% rise in its annual cash earnings on Monday, helped by positive net investment returns and higher returns on its interest-earning portfolio, and fewer-than-expected natural hazard claims.
The company's net investment returns rose 46.6% to A$661 million on the back of strong underlying yield on its interest-earning portfolio and stronger equity markets.
Its general insurance gross written premiums also rose 14% for the year to A$14.1 billion, underpinned by price increases which offset natural hazard and higher reinsurance costs.
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 missed a Visible Alpha consensus of A$1.52 billion.
($1 = 1.5002 Australian dollars)
News: SUN UPDATE 1-Australian insurer Suncorp's annual cash earnings rise on higher investment...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$21.16 |
Change
0.110(0.52%) |
Mkt cap ! $22.92B | |||
| Open | High | Low | Value | Volume |
| $21.28 | $21.43 | $21.15 | $16.56M | 778.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28396 | $23.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.89 | 66222 | 16 |
View Market Depth
| Last trade - 15.59pm 12/09/2025 (20 minute delay) ? |
| SUN (ASX) Chart |