Suncorp share price slips as storm-hit earnings hang over the next ASX session
Suncorp shares closed down 0.2% at A$15.25 after reporting a sharp fall in half-year profit to A$263 million, hit by higher natural hazard costs and lower investment income. The insurer cut its interim dividend to 17 cents from 41 cents and flagged further buybacks. Suncorp handled over 71,000 claims from nine declared events, costing about A$1.3 billion. Cash earnings missed consensus estimates.
