Suncorp's NZ business boosts earnings on reduced claims

Tue, 04 Aug 2015

By Paul McBeth Aug. 4 (BusinessDesk) - Suncorp Group, the ASX-listed general and life insurer whose local brands include Vero, AA Insurance and Asteron Life, lifted annual earnings from its New Zealand businesses as the company benefited from fewer claims in the year. The insurer's New Zealand business delivered a net profit of A$175 million in the 12 months ended June 30, compared to A$110 million a year earlier, the Brisbane-based company said in a statement. Of that, the insurer's general business lifted trading profit to $159 million...

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