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.
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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