Suncorp’s profits have fared better than expected during a summer of high natural hazard claims, despite wild weather and volatile investment markets sparking a 29.1% drop in profits and a cut to the dividend, The Age reported
The Australian insurer said its natural hazard claims costs for the six months to December had hit A$695 million ($496 million), which was A$205 million more than expected in the first half of the financial year.
Read the full report: The Age
READ MORE:
Fukushima Nuclear Operator Sued over Thyroid Cancer Cases
Covid-Hit Australian Warship Arrives in Tonga with Aid
Fire engulfing Pertamina refinery remains ablaze, says CEO