About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Wednesday, November 13th, 4:35PM
rss
Latest Headlines

Asteron: Working closely with regulators

Suncorp’s life insurance business, including Asteron Life and its AA Life joint venture, saw its profits fall by almost a quarter between the first and second halves of last year.

Thursday, February 14th 2019, 12:31PM

The life arm of the insurance firm turned in a net profit after tax of $17 million for the six months to December 31.

That was down from $21m in the half ended June - a decline of almost 24% -  but $1m more than the six months to December 2017.

In-force premium grew by 4%.

Suncorp New Zealand chief executive Paul Smeaton said Suncorp was working closely with the New Zealand Government and regulators on the Conduct and Culture review of the life insurance industry.

He said Suncorp welcomed any measures that delivered improved outcomes for customers.

Overall, Suncorp operations in New Zealand recorded a profit of $120m, which was up 79.1% on the prior corresponding period.

“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,” Smeaton said.

Tags: Asteron

« Sum-insured remuneration model progressedRegulators 'may misunderstand' legacy products »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Suncorp invests in wellbeing
Suncorp New Zealand has now invested a total of $20 million into wellbeing bonds as part of its focus on identifying sustainable investment opportunities that can deliver positive community outcomes.

AIA adds mental health support
AIA is boosting Vitality members’ donations to the Mental Health Foundation.

Major milestone for Cigna
Cigna, which acquired OnePath Life last year, is on the verge of reaching "a huge milestone".

Fidelity Life gets tick
Fidelity Life has been awarded the Accessibility Tick.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com