The sale is subject to New Zealand regulatory approvals and is expected to complete within nine months. Suncorp’s New Zealand general insurance business remains unchanged and part of the Suncorp Group.
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Suncorp New Zealand is reporting hefty premium increases, much like the other dominant Australian-owned general insurer in the market, IAG. Suncorp’s gross.
Suncorp New Zealand has today reported half year profit after tax of $94 million, an increase of 3.3% from the previous period. General Insurance profit after tax of $80 million increased 6.7%. The first half of FY24 benefitted from an absence .