Queensland based financial services company, Suncorp Group (SUN) reported a worse than expected 4.5% drop in half year profit to $548m

Queensland based financial services company, Suncorp Group (SUN) reported a worse than expected 4.5% drop in half year profit to $548m. The result was held back by higher natural hazard claims but support by a rise in premiums and efforts to reduce costs. A 40% rise in its interim dividend to $0.35 per share was declared. Watch full report here: