Suncorp’s FY22 profit falls as nat cats exceed budget by AUD 101m
Reinsurance News - Aug 08, 2022
Australian primary insurer Suncorp has reported a 34% decline in net profit to AUD 681 million for fiscal year 2022, as natural hazard costs exceeded budget in the period by AUD 101 million, leading to significant reinsurance recoveries. For the fiscal year ended June 30th, 2022, Suncorp has reporte...
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