Suncorp general insurance profit down a third

Australian insurer Suncorp today (11 February) reported a
general insurance net profit of A$297mn ($210mn) for the half year
to 31 December, down 29.1 percent on the same period the previous
year.
The general insurance result was impacted by lower investment
income, which came to $133mn - compared to A$348mn a year earlier -
representing an annualised return of 2.2 percent.
The insurer also experienced higher than expected losses from
natural catastrophes, which came in at A$362mn, A$28mn above