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First Insurance Limited
First Credit Union is a Public Company that generates the majority of its income from the Life Insurance industry. In 2024 the company generated total revenue of $1,822,000 including sales and other revenue. The exact number of employees for this organisation is not available. The Chief Executive of First Credit Union is Mr Simon Scott whose official title is Managing Director. The Chairman of First Credit Union is Mr Malcolm Blair whose official title is Chairman. First Insurance Limited, trading as First Credit Union, is a locally owned New Zealand not-for-profit private company deriving revenue from the provision of underwrite loan protection and funeral plan insurance for the First Credit Union. The services provided by First Insurance Ltd are: Loan Protection Insurance Funeral Insurance Life & Income Protection Insurance\ Make a Claim
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What's included in this industry analysis
IBISWorld's research coverage on the First Insurance Limited includes market sizing, forecasting, data and analysis. The most recent publication will be as current as of March 2026.
Company Details
What’s this enterprise profile about?
First Insurance Limited, trading as First Credit Union, operates under the ABN and was incorporated on 05 July 2017. First Insurance Limited trades on the Australian Securities Exchange under the ticker code ASX:. First Insurance Limited primarily operates in the General Insurance industry in Australia.
Key Personnel
What’s included in the Key Personnel chapter?
The Key Personnel chapter outlines the principal leadership positions within First Insurance Limited, including the Chairman, Board members, Chief Executive Officer, and other key management personnel. It provides an overview of the company’s governance and executive structure, along with a breakdown of gender diversity across leadership roles, offering insight into the composition of the organisation’s senior team.
Financials
What’s included in the Financials chapter?
The Financials chapter presents First Insurance Limited’s historical financial performance, including detailed profit and loss statements outlining sales revenue, cost of sales, and profitability. It also incorporates balance sheet data, providing a breakdown of assets and liabilities, as well as additional financial metrics such as the number of shares on issue. Together, these disclosures offer a comprehensive view of the company’s financial position and performance over time.
Growth & Ratios
What’s included in the Growth & Rations chapter?
The Growth & Ratios chapter provides historical data on key financial performance indicators, enabling an assessment of the company’s operational efficiency, profitability, and financial structure over time. Metrics covered include return on equity, return on assets, profit margins, revenue per employee, as well as gearing and leverage ratios, offering a comprehensive view of performance trends and capital management.
Operating Segments
What’s included in the Operating Segments chapter?
The Operating Segments chapter provides an overview of the revenue composition and asset allocation across the various industries in which First Insurance Limited operates. It offers insights into how the company’s financial performance is distributed among its core business segments, highlighting the relative contribution of each industry to total revenue.
Competitor Benchmarking
What’s included in the Competitor Benchmarking chapter?
The Competitor Benchmarking chapter includes a comparative assessment of First Insurance Limited’s key financial, growth, and valuation ratios against industry averages to evaluate its competitive position. It analyses valuation metrics such as price-to-earnings, price-to-book, enterprise value to EBITDA, and enterprise value to sales, alongside core financial indicators including liquidity ratios and profitability measures.
Industries of Operation
What’s included in the Industries of Operation chapter?
The Industries of Operation chapter outlines First Insurance Limited’s market share across the industries in which it operates. Each industry profile includes a comprehensive overview featuring data on total market size, the number of enterprises, industry concentration levels, and overall turnover. This analysis provides context for the company’s competitive position and scale within each relevant market.
Shareholders
What’s included in the Shareholders chapter?
The Shareholders chapter provides a breakdown of the ownership structure of First Insurance Limited, identifying key shareholders and outlining their respective ownership interests. This section offers insight into the concentration of shareholdings, the presence of institutional or strategic investors, and the overall distribution of equity within the company.
Subsidiaries
What’s included in the Subsidiaries chapter?
The Subsidiaries chapter provides an overview of the companies and business entities that are wholly or partially owned by First Insurance Limited. It outlines the ownership structure of each subsidiary, offering insight into the broader corporate group and how these entities contribute to the company’s overall activities and performance.
History
What’s included in the History chapter?
The History chapter presents a overview of First Insurance Limited’s development, highlighting key milestones and significant corporate events since its incorporation. It includes the company’s incorporation date and outlines major strategic, operational, and structural developments, providing context for its evolution and current market position.
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Frequently Asked Questions
What is First Insurance Limited?
First Insurance Limited, trading as First Credit Union, is a locally owned New Zealand not-for-profit private company deriving revenue from the provision of underwrite loan protection and funeral plan insurance for the First Credit Union. The services provided by First Insurance Ltd are: Loan Protection Insurance Funeral Insurance Life & Income Protection Insurance\ Make a Claim
What industry does First Insurance Limited operate in?
First Insurance Limited, trading as First Credit Union, is a Public Company that generates the majority of its income from the General Insurance industry in Australia.
Where is First Insurance Limited located?
Murray Cod Australia Limited company is based at 111 Collingwood Street, Hamilton, New Zealand, New Zealand.
Who is the CEO of First Insurance Limited?
The Managing Director of First Insurance Limited is Malcolm Blair and the Managing Director is Simon Scott.
What was First Insurance Limited’s revenue in 2025?
In 2025, First Insurance Limited generated total revenue of approximately $1.8 million.
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