Suncorp NZ profit falls 17% as natural disasters weigh
A tornado and flooding pushed natural hazard costs up $45m.
Profit at Suncorp New Zealand, whose stable includes Vero Insurance, Asteron Life and AA Insurance, has been “significantly impacted” by a big spike in natural hazard claims, the insurance company said today.
Suncorp NZ reported net profit after tax in the year to June 30 of $215 million,
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