Suncorp Group Limited
(ASX:SUN) has posted a 55 per cent increase in net profit despite having its worst year of natural hazard events.
Net profit for the full 2015 financial year increased to $1.1 billion.
The insurance company says natural disasters had a net impact of more than $1 billion which was well above the allowance of $595 million.
Chairman Ziggy Zwitkowski says the group’s strong capital position and improved financial performance has seen the board declaring a final dividend of $0.38 and a special dividend of $0.12.
Both payments are fully franked and will be paid on the 22 September.
The company says following payment of the dividends it will have a very conservative balance sheet with a strong excess capital position.
