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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
3 mins to read

Fidelity Life highlights underlying strength despite $24m loss

Life insurer's underlying profit up 14% following completion of Westpac Life buy.

Fidelity Life chief executive Melissa Cantell.

The country’s largest locally-owned life insurer has increased underlying profit by 14% following a “ground-breaking” year in which it completed the $400 million acquisition of Westpac Life.

But its total comprehensive income after tax fell from $4.3m to a $24m loss following a significant

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Hamish McNicol Wed, 02 Nov 2022
Contact the Writer: Hmcnicol@nbr.co.nz
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Fidelity Life highlights underlying strength despite $24m loss
General Business,
96429
true