Southern Cross books big annual loss, small surplus forecast
The insurer deals with high demand for healthcare and financial reporting changes.
The group reported an annual loss of $88m, after the previous $16.5m loss.
Southern Cross Health Society Group has booked a deeper annual loss because of “extraordinary growth” in claims and financial reporting changes. It reported a deficit of $88 million in the year ended June 30, compared with a loss of $16.5m in the previous year.
The group, with insurance cover
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