Partners Life first-half insurance profit rose 14%

Thu, 22 Dec 2016

By Jonathan Underhill Dec. 23 (BusinessDesk) - Partners Life, a life insurance company whose owners include private equity firm Blackstone, said first-half earnings rose 14 percent as premium income grew faster than expenses. Life company underlying profit rose to $5.1 million in the six months ended Sept. 30, the Auckland-based company said in a statement. Premium revenue rose to $81.9 million from $64.9 million, more than twice the increase of claims expense which rose to $31.8 million from $24.7 million. In May, Partners Group Holdi...

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