Southern Cross delivers $5.8m surplus, as claims increase match premiums

Thu, 10 Sep 2015

By Suze Metherell Sept. 11 (BusinessDesk) - Southern Cross Medical Care Society, the insurance arm of the not-for-profit health group, returned to an annual surplus as premiums and claims increased at the same pace. The Auckland-based insurer posted a surplus of $5.8 million in the year ended June 30, from a deficit of $1.1 million a year earlier, it said in its 2015 annual report. Income from premiums increased 6.4 percent to $818 million while claims rose 6.2 percent to $738 million. The company has $492 million invested, which gen...

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