Southern Cross Health surplus jumps to $35mn

Wed, 14 Sep 2016

By Edwin Mitson Sept. 15 (BusinessDesk) - Southern Cross Health Society, the not-for-profit health insurer, saw its surplus increase sharply in the year ended June 30, as premium income rose much faster than claims from members. The Auckland-based mutual posted a surplus of $35 million, up from $5.8 million. Income from premiums rose by 6 percent to $871 million from $818 million, the third year in a row that premium income has risen by about 6 percent. In that time membership has remained steady, moving between around 810,000 and 820,00...

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