The billion-dollar insurance companies operating in NZ

Insurance premiums have risen dramatically in recent years, particularly following major weather events. (Image: Getty/NZME)

Michael Neilson

Wed, 01 Oct 2025

New Zealand’s 10 largest insurance companies collectively recorded over $1 billion in profit in 2024, as insurance premiums soared more than 40% in just two years.A BusinessDesk analysis of company financial statements of these 10 insurers – covering the largest general and life insurance companies – brought in $11.4b in premium revenue in 2024, the latest financial year with a full dataset, which was a 43% increase since 2020, or just 17% in real terms (adjusted for inflation). These companies collectively reported $1.2b...

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