Suncorp shares fall despite profit rise

Published: 03:07:54 AM, Wed 20 February 2013 UTC

Profit at Suncorp Bank has jumped by almost half, driven by fewer claims in its insurance business.

The bank made $574 million in the first half of its financial year, which is a 48 per cent improvement on its prior result.

Earnings at its insurance business jumped, as fewer natural disasters brought down the number of claims.

However, the banking and insurance company's shares slipped 2 per cent to $11.44 by 2:05pm (AEDT).

Tags: aedt, suncorp, suncorp bank, english-language films, economics, insurance business, fewer natural disasters, suncorp shares, profit rise, fewer claims, prior result, half, insurance company, financial services, interest rate, finance, financial institutions

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