Fidelity profit up, solvency down
Life insurer reports improved bottom line but rising claims experience.
Insurer Fidelity Life, 41% owned by the NZ Super Fund, has reported a net profit of $18.3 million for the year to June, up 29% on a year earlier.
In a statement, Fidelity described the result as “solid.”
The company said underlying profit of $13.6m was down on the previous year’s
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