16 November 2017
The Australian Prudential Regulation Authority (APRA) today released its Quarterly General Insurance Performance Statistics publication for the September 2017 quarter.
The Quarterly General Insurance Performance Statistics publication provides industry aggregate summaries of financial performance, financial position, capital adequacy and key ratios. The publication also includes detailed statistics at a class of business level, a breakdown of operating income and expenses, and more granular solvency information.
Key performance statistics for the general insurance industry in the year ended 30 September 2017:
|Net earned premium
|Net incurred claims
|Net profit after tax
Key ratios for the general insurance industry in the year ended 30 September 2017:
|Net loss ratio
|Return on net assets
|Prescribed capital amount coverage ratio
Copies of the 30 September 2017 Quarterly General Insurance Performance Statistics publication are available on APRA’s website at: www.apra.gov.au/GI/Publications/Pages/quarterly-general-insurance-statistics.aspx
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding approximately $6 trillion in assets for Australian depositors, policyholders and superannuation fund members.
Media and industry enquiries only:
APRA Media Unit
Telephone: 02 9210 3636
All other inquiries:
APRAinfo: 1300 55 88 49