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Hot Topic SCIENCE
Hot Topic SCIENCE
General Business
2 mins to read

Fidelity Life returns to profit on Westpac integration

Further investment planned even as transformation costs nearly doubled to $37.4m.

Fidelity Life chair Brian Blake.

NBR Staff Wed, 01 Nov 2023

The financial performance of the country’s largest locally-owned life insurer has been bolstered by its first full year’s contribution from Westpac Life, which was acquired for $400 million in 2022.

However, Fidelity Life has also warned shareholders – which include the NZ Super Fund and Ngāi

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NBR Staff Wed, 01 Nov 2023
Contact the Writer: editor@nbr.co.nz
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Fidelity Life returns to profit on Westpac integration
General Business,
101479
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