Suncorp’s H1 Cash Earnings Collapse After Surge in Natural Hazard Costs
Suncorp Group reported a sharp decline in first-half cash earnings as unusually large natural hazard costs and lower investment income weighed on results. The insurer recorded A$1.32 billion in natural hazard expenses across nine major events in Australia and New Zealand, well above its six-month allowance and materially higher than the prior year.…