Suncorp’s general insurance business has reported a 100% profit jump.

Suncorp Group reported net profit after tax of A$250 million ($260m) for the six months to December 31.

Its New Zealand business pulled in $120m, up 79.1% on the prior corresponding period.

Chief executive Paul Smeaton said it reflected strong top-line growth, the absence of any major natural hazard events and strong ongoing business performance. 

"We continue to make good progress on our strategy to connect New Zealanders to products, services and experiences that enhance and protect their financial wellbeing.”

The general insurance business, including Vero and AA Insurance, returned a profit of $103m, up 106% on the prior corresponding period.

Smeaton said that while the benign weather experience contributed to a strong first-half result, 2018 was the second-most expensive year for severe weather since 1969, with insurers spending $226m  in settling claims, according to data from the Insurance Council of New Zealand.

"While this is a pleasing result, the reality is that natural hazard events could hit us at any time. We are well prepared to be there for our customers."

Smeaton said Suncorp remained focused on building a more resilient business to meet a greater number of customer and business partner needs - across its direct, intermediated and corporate partner channels.

"We are well placed to build on a strong first half result and remain committed to being there for our customers in the moments that matter.”