Suncorp Group (ASX:SUN) has reported a net profit of A$1,148 million for the fiscal year, a significant increase from the A$681 million reported in the previous year.

The company also declared a franked final ordinary dividend of A$0.2700 per share.

Additionally, there was an increase in revenue from ordinary activities, which rose to A$18,354 million from A$16,169 million reported in the previous year.

Suncorp Group is a top-tier Australian finance, insurance, and banking corporation headquartered in Brisbane.