The Suncorp Group has handed down its full year results, which includes solid growth within the IFA market\u00a0serviced by the Suncorp Life business.<\/p>\n
The Group as a whole has reported a net after tax profit of $780 million (up from $348 million last year), with Suncorp Life contributing a net profit after tax of $222 million (compared with $117 million in 2009).<\/p>\n
One of the key outcomes highlighted by Suncorp Life CEO, Geoff Summerhayes<\/strong>, was the\u00a0strong\u00a0new business growth it\u00a0experienced from the independent financial adviser (IFA) market:<\/p>\n “This is a very pleasing result for Suncorp Life, particularly in the IFA market, where we have grown our new business by 15%.”<\/p>\n “We recognise we still have some way to go,” continued Mr Summerhayes, “…\u00a0but early results have vindicated our decision made in 2009, to refocus as a life insurance specialist.”<\/p>\n “We are now focusing on leading the IFA market and building a Direct distribution business of scale.\u00a0 Watch this space,” he said.<\/p>\n","protected":false},"excerpt":{"rendered":" The Suncorp Group has handed down its full year results, which includes solid growth within the IFA market\u00a0serviced by the Suncorp Life business.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-7583","post","type-post","status-publish","format-standard","category-company-news"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/7583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=7583"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/7583\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=7583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=7583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=7583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}early results have vindicated our decision… to refocus as a life insurance specialist<\/h6>\n