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Suncorp (SUN) $12.03

SUN +5.53: A positive session for the insurer / bank today following a strong beat at 1H22 results relative to expectations. While cash earnings of $361m were down 29% YoY, they were well ahead of the ~$330m expected while the dividend of 23c was also a beat. It was a challenging half no doubt, however the general insurance division benefitted from higher premiums, lower catastrophes and a better insurance margin. All in all, a good read through for IAG and the insurance sector more generally after a tough few years.

MM is neutral to bullish SUN ~$12
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Suncorp (SUN)
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