Half-year result shows lower GWP and earnings
On Feb. 18, 2026, Suncorp New Zealand released its financial results for the six months to Dec. 31, 2025. The insurer reported net profit after tax of $221 million and gross written premium of $1.412 billion, a decline of 5.6% compared with the prior comparable period. Higgins said the HY26 result reflected a combination of operational settings and changes in the cost environment. He pointed to the impact of input prices on the business, particularly in claims. “The first six months of the 2026 financial year saw greater stability in both inflation and the global reinsurance market. Together, these factors have contributed to the company’s solid financial performance and enabled us to continue to focus on better serving customers,” he said. The half year also included several major weather events across New Zealand, including events in January 2026. Higgins said these events continued to test claims processes and reinsurance arrangements. “We’re committed to being there for customers around the country in the moments that matter, processing, and paying claims quickly so they can get back on their feet after periods of disruption,” he said.