CORRECT: Suncorp posts 15% gain in first-half profit; flags potential reinsurance impact

Wed, 11 Feb 2015

(Fixes fourth-to-last paragraph to show ongoing claims are industry wide) By Fiona Rotherham Feb. 11 (BusinessDesk) - Suncorp Group, the general and life insurer, lifted its dividend payment after recording a 15 percent jump in first-half profit, while warning of a potential A$118 million impact relating to reinsurance for the Canterbury earthquakes, the Brisbane floods and Cyclone Yasi. Net profit rose to A$631 million for the six months ended Dec. 31, from $548 million a year earlier, boosted by the performance from its New Zealand g...

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