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flag Suncorp, Australia and New Zealand's second-largest insurer, reported a 14% increase in first-half cash earnings to A$660m, with home and motor insurance premiums rising by 9.

flag Suncorp, Australia and New Zealand's second-largest insurer, reported a 14% increase in first-half cash earnings to A$660m ($424m), as average premiums for home and motor insurance rose by 9.9% and 15.9% respectively. flag The company attributed the increase in premiums to higher reinsurance costs, inflationary pressures, and the impact of six severe weather events in November and December. flag Suncorp's New Zealand division reported a 3.3% increase in half-year profit to A$94m, while premium income rose 20%.

14 months ago
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