Suncorp's NZ insurance assets deliver strong growth

Tue, 12 Aug 2014

By Pattrick Smellie Aug. 13 (BusinessDesk) - Brisbane-based general and life insurer Suncorp recorded stronger investment returns and earnings growth from its New Zealand units, Vero and AA Insurance, than from its Australian business lines in the year to June 30, boosted in part by the strength of the kiwi dollar and its impact on translation into the Australian parent's results. Suncorp declared a full year profit after tax of A$730 million, including a one-off non-cash write-down on intangible assets of A$496 million, with the...

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