ACC investment portfolio

[wingrider]

Just in on stuff

ACC, Super Fund prop up govt books

http://www.stuff.co.nz/business/industries/3127621/ACC-Super-Fund-prop-up-govt-books

have a read

[flyingcrocodile46]

See

http://www.kiwibiker.co.nz/forums/showthread.php?p=1129552179#post1129552179


In the Herald Website today.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10613447

"ACC's investment portfolio rose to $14.3 billion compared to the projected $13.56 billion."

Can someone verify this is correct?


That is what the article says. It also refers to an actuarial loss on the ACC claims liability. (that's a shortfall on projected profit to cover what appears to be grossly overestimated future liability.... not a real loss)

Mmmmmm.... 14.3 billion is quite a bit more than the previously touted 11 billion reserve. I wonder if the 14.3 is actual reserve or whether some of it is current operating capital?