Company News Summary | 09 Feb 2021

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Suncorp Group Provides HY 2021 Results Presentation

07:56:00 | Associate analysts

Original annuncemenet:HY Results Presentation with Speaker Notes

Suncorp Group provided HY 2021 results presentation. It reported Digital sales continue to track higher as tools and capabilities improve and as customer behaviour changes through COVID-19. In the Bank it reported a margin of 2.04%, up 8 basis points over the half. Group expenses were in line with the prior period. Motor GWP was up 5.3% supported by good rate and unit growth. Operating costs were flat on the prior period and when combined with the higher net interest income, the cost to income ratio improved to around 56%.

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