AMP's NZ unit lifts first-half profit 9% on better insurance claims management

Wed, 19 Aug 2015

By Paul McBeth Aug. 20 (BusinessDesk) - AMP Financial Services New Zealand, the local operation of the Australian fund manager and insurer, lifted first-half operating profit 9 percent by keeping control of costs while improving management of insurance claims. Operating profit rose to $64.6 million in the six months ended June 30, from $59 million a year earlier, the Auckland-based company said in a statement. That was largely due to a "claims experience" profit of $4.3 million in the period, turning from a loss of $500,000 a year earlier...

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