Fund Management Boosts Australian Insurer

Australia’s ongoing sharemarket boom has boosted second half profits at the country’s largest life insurer, AMP, by 33 per cent. AMP reported that its net income jumped to A$552 million ($433 million)....

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By: Lachlan Colquhoun
February 16, 2007
Australia’s ongoing sharemarket boom has boosted second half profits at the country’s largest life insurer, AMP, by 33 per cent. AMP reported that its net income jumped to A$552 million ($433 million)....