CORRECTION: AMP NZ's earnings slide; group profit slumps 97%

Thu, 14 Feb 2019

(Corrects to show AMP NZ results in the first sentence are for the life insurance business only) By Jenny Ruth Feb. 14 (BusinessDesk) - AMP’s life insurance New Zealand arm reported a 45 percent slump in operating earnings to A$39 million for calendar 2018, largely reflecting A$180 million of capitalised losses and about A$50 million of experience losses, This follows an increase in income protection and total and permanent disability claims. The New Zealand wealth management business, the part that AMP intends to float, reported flat...

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