- Banking and insurance giant Suncorp (SUN) has recorded $509 million in cash earnings for the first half of the 2021 financial year
- This 39.5 per cent increase driven by higher earnings and a stronger alignment across its divisions
- The Insurance (Australia) division saw an increase of 109.8 per cent in profit after tax
- Similarly, its New Zealand and Banking and Wealth divisions recorded a 19.4 per cent and 11.1 per cent growth, respectively
- Due to there being12 hazardous events across Australia and New Zealand during the period, Suncorp went over its allowance by $86 million to $561 million
- Suncorp is up 3.16 per cent and shares are trading at $10.77
