Suncorp’s FY23 profit rises despite nat cats exceeding budget by $97 million
Reinsurance News - Aug 09, 2023
Australian primary insurer Suncorp has reported a nearly 69% increase in net profit to $1,148 million for fiscal year 2023, despite natural hazard costs exceeding budget in the period by $97 million. Total natural hazard costs for the year came out at $1.257 billion, Suncorp said, but for the next f...
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