Tough sector to invest in with all the once in 50 years and 100 years events happening every year?
https://www.nzherald.co.nz/business/...6V3SBKIGUA7JE/
High natural hazard claims, rising costs due to supply chain constraints and low investment returns has dragged down the profits of the New Zealand arm of insurer Suncorp.
The ASX-listed company which owns Vero Insurance, Asteron Life, and has a joint share in AA Insurance with the New Zealand Automobile Association, saw its net profit fall 34.9 per cent to $84 million for the six months to December 31.