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Company News Summary

Suncorp Group Delivers 39.5% Uplift in 1H 2021 Cash Profit

09 Feb 2021  |  07:50:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: HY21 Results Announcement

Suncorp Group delivered a positive 1H 2021 result with cash earnings of $509m, up 39.5% versus the pcp. This reflects higher earnings from all three business lines, with top-line performance and higher investment returns. The Group has implemented a new operating model and refreshed the executive team, providing clearer accountability for results. It has also provided an update on its three-year plan, which has a focus on further digitisation and automation of the core businesses to drive growth and improvement in key operational ratios.

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