Suncorp Group Limited
(ASX:SUN) has recorded a 16 percent slide in first half net profit to $530 million, down from $631 million the year.
The result had been flagged back in December with a combination of higher claims from natural disasters and a lower Aussie dollar blamed for the profit slide.
The insurance giant said it was now focused on invigorating growth and gaining more resilience to volatility.
Short term plan include elevating the customer and an immediate recalibration of costs starting with discretionary spending.
An interim dividend of 30 cents per share was announced, down from last years first half dividend of 38 cents.
