Suncorp H1 profit dips slightly

Switkowski says focus on balance sheet strength positions group well for full-year.

Suncorp Group (SUN) says its continued focus on balance sheet strength through initiatives such as life reinsurance arrangements are pushing along the group's transformation strategy, despite a modest slip in first-half profit.

In the six months to December 31, Suncorp posted a net profit of $548 million, a 4.53% decrease on the $574 million recorded in the previous corresponding period.

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