Insurance

Southern Cross posts $31.8 mill profit

Thursday 8th of September 2005

The insurer took in $484.6 million in premiums and paid out 78% or $378.6 million in claims over the year. The result also includes higher investment income of 25.9 million compared to $15.4 million in the previous year.

The insurer earlier this year announced it would hold or reduce premiums for a large proportion of tis members after a reducti...

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