Tuesday's earnings will mark the last time Suncorp CEO Patrick Snowball will deliver the insurance company's results. Suncorp Group has posted a net profit of $1.13 billion for the year to June - an increase from last year's $730 million despite the insurance giant recording its worst year for natural disaster events. Suncorp, which owns insurance brands such as AAMI and GIO, will pay investors a special dividend of 12¢ per share and a final dividend of 38¢ per share. This brings the group's total dividend for the year to 76¢ per share compared with FY14's 75¢. The result came despite the financial impact of Suncorp's worst recorded year of natural disaster claims which had a net impact of $1.068 billion, nearly double the group's allowance of $595 million for the year. Suncorp weathered tens of thousands of claims from the Brisbane hailstorm, NSW storms, Cyclone Marcia and Sydney's Anzac Day hailstorm, which triggered the company's reinsurance cover. "I'm proud that Suncorp has been able to increase profit and dividend in a year of terrible weather events and, at the same time, deliver exceptional customer service. This demonstrates that Suncorp's diversification across general insurance, banking and life is delivering a resilient earnings profile," said Patrick Snowball, chief executive of the $18.4 billion Suncorp Group. The rise in Suncorp's net profits comes after the group's 2014 earnings were impacted by a $496 million after-tax write-down of goodwill and intangible assets in the group's underperforming life insurance arm. The group's biggest division, general insurance, posted a net profit of $756 million for the year - down from last year's $1.01 billion. Today's earnings will mark the last time Mr Snowball will deliver his last profits results. Mr Snowball, who is retiring and returning to his native England, will be succeeded by former GPT Group boss, Michael Cameron. Suncorp's shares have risen 12.5 per cent to $14.33 the past 12 months, compared with the 2.2 per cent rise of the benchmark S&P/ASX200 index. The insurance group, which has been on a cost savings drive under Mr Snowball's leadership for the past six years, flagged further savings this new financial year. The company netted $225 million in savings in fiscal 2015, and this will increase to $265 million this new year. Ross Curran, insurance analyst at Commonwealth Bank of Australia said Suncorp's results were "largely positive". He said Suncorp's special dividend was lower than expected but the group remained committed to returning capital. "It has reduced its CET1 target range and will hold $570m of capital above its operating targets post capital return. Nevertheless, we are impressed to see the group return capital given it is currently transitioning CEOs, this is a strong message about the balance sheet," Mr Curran wrote in a note to clients. My Comment: So why has my Landlord insurance gone up again through APIA owned by Suncorp? Landlord increased by 40% again this year, with no claims and as far as I can tell the house hasn't moved location.