Suncorp net profit slips

Insurer's results weighed by sale of non-core bank, will still pay a fully-franked special dividend of 20 cents.

Suncorp Group's (SUL) full-year net profit took a hit after the sale of its non-core bank earlier this year, but the insurer still paid a special dividend.

In the year to June 30, Suncorp's net profit fell 32.18% to $491 million from $728 million in 2012, in the middle of the company's guidance for between $480 million and $500 million announced at the end of July.


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