Suncorp Group CEO Steve Johnston said the 1H21 result demonstrates that the focus on the core businesses and digitisation is yielding positive shareholder results.
"Over the past year, we have refocused our strategy, continued to implement the ongoing regulatory program of work, improved our customer service, reinvigorated our brands, further digitised our business and become more efficient,” Johnston said.
“We are seeing improved momentum in our Australian and New Zealand insurance businesses as evidenced by strong top-line growth, while our Bank is also delivering improved performance.”
Insurance Australia profit jumped to $258 million from $123 million as the result benefitted from market-to-market gains on insurance investment funds, while gross written premium rose 4% to $4.3 billiion.
Suncorp 1H21 results can be downloaded here.