Insurance

Frugality fuels Fidelity

Friday 4th of April 2003

New Zealand owned life company Fidelity Life has just announced an interim half-year profit of $1.3 million.

The profit, for the six months to December 31, is more than double that for the same period last year.

No mean achievement in an industry dealing with a drop in investment revenue that has seen bigger players running for cover and regrouping.

Fidelity chief executiv...

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