ACC returns a surplus of $911m, claim volumes back to pre-pandemic levels

ACC chief investment officer, Paul Dyer. (Image: ACC)

Thu, 02 Nov 2023

The Accident Compensation Corporation (ACC) has returned a surplus of $911 million as claim volumes return to pre-pandemic levels.Its investment fund has also grown in the 12 months to June 30 to $46.9 billion, up from $45.8b in the 2021/22 year.Chief investment officer Paul Dyer said after a tough year for markets in the 2022 fiscal year, it was “pleasing” to make a return of 7.07% after costs. ACC’s outstanding claims liability rose by $1.3b to $51.5b.“Most of our actively managed portfolios added value for the ye...

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