Suncorp FY 2019 net profit plummets by 83.5%

Steve Johnston – Suncorp

Australian Suncorp, one of the country’s largest insurers, booked an after-tax net profit of A$175mn ($117.9mn) for the full year ending 30 June 2019, down from A$1.06bn for the FY 2018, as natural catastrophe costs and increased regulatory costs impacted the bottom line.

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