Suncorp Group announce 1H24 financial results
The Suncorp Group has announced their 1H24 financial results.
· Group net investment returns A$396 million (up significantly from A$167 million in 1H23).
· Group gross written premium of A$6.9 billion, up 16.3%.
· Group net profit after tax was A$582 million, up 5.4%.
· Half year profit after tax was NZ $94 million, up 3.3% from the previous comparable period (pcp).
· Asteron Life Half year profits of NZ$14 million, a decrease of 12.5% from the pcp.
· Asteron Life had in-force premiums of $330 million, up 7.1%.
· Asteron Life’ bought in new business of $13 million, up $1 million on the pcp.
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