Suncorp NZ stars with 76% profit growth as group earnings plunge

Suncorp NZ stars with 76% profit growth as group earnings plunge
Paul McBeth
By Paul McBeth Aug. 7 (BusinessDesk) - Suncorp Group's New Zealand unit was a standout for the Australasian bank and insurer, as premium growth and fewer claims helped boost local profit 76 percent while earnings plummeted across the Tasman.  The Brisbane-based financial services firm is a major Kiwi player in general and life insurance, with a suite of New Zealand brands including Vero Insurance, the AA Insurance joint venture, Asteron Life and AA Life joint venture. Those combined businesses delivered a net profit of $261 million in...

More Finance

Tower's new risk ratings to affect premiums
Finance

Tower's new risk ratings to affect premiums

Sea surge and landslide risk can now be calculated house by house.

Pattrick Smellie 20 Aug 2025
Investor visas a gold mine for private credit
Finance

Investor visas a gold mine for private credit

More than $55m committed for residency destined for credit funds which lend to NZ firms.

Aussie broker giant CBN enters NZ with Folio deal
Finance

Aussie broker giant CBN enters NZ with Folio deal

CBN is backed by ASX-listed Steadfast Group.

John Anthony 11 Aug 2025
Capital gains tax to solve house-price affordability crisis?
Finance

Capital gains tax to solve house-price affordability crisis?

ANZ's Richard Yetsenga said house-price affordability is a significant challenge. 

Staff reporters 07 Aug 2025