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Suncorp Group profit dips as insurance margins continue to bite

Sally RoseReporter
Updated

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Suncorp Group has reported an 8 per cent drop in annual profit.

For the full year ended June 30, 2016 Suncorp Group showed an 8.3 per cent decline in group net profit after tax to $1.04 billion from $1.13 billion in the previous financial year.

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Sally Rose is a Sydney-based reporter, who covers business, personal finance and superannuation. Connect with Sally on Twitter.

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    Original URL: https://www.afr.com/business/banking-and-finance/financial-services/suncorp-group-profit-dips-as-insurance-margins-continue-to-bite-20160803-gqkla0