Suncorp Profit Falls despite home insurance premium rise

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Suncorp Insurance

Suncorp full-year profits is down to $274 million (from 491 million in 2012) despite a growth in its house insurance and car insurance premiums. A large portion of the loss has be attributed to its banking business, its life insurance and superannuation division earnings fell from $251 million to $60 million.

Suncorps insurance brands include AAMI, Asteron Life and Vero

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