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Suncorp Group Provides HY 2021 Investor Pack

09 Feb 2021  |  07:52:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: HY21 Investor Pack

Suncorp Group provided investor pack on financial results for the half year ended 31 December 2020. It reported Group cash earnings of $509m, were up 39.5% on the pcp, driven by higher profit after tax (PAT) from all business lines. The results in the General Insurance business were driven by top-line growth, higher investment returns, and higher prior period reserve releases. The Group's excess to common equity tier 1 capital (CET1) target is $1,026m, with $789m held at Group (post-dividends).

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