Insurance giant Suncorp has reported a AU$642 million (around $673.4 million) net profit after tax (NPAT) in the six months ended December 31, up from AU$250 million (around NZ$262.2 million) the previous year, thanks mainly to the sale of its Capital SMART and ACM Parts business and strong reinsurance arrangements.
Suncorp Group CEO Steve Johnston said the results reflect the early progress the company has made in implementing its refocused strategy, amid challenging economic conditions and significant natural disasters, including storms and bushfires.
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