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APRA releases general insurance statistics for December 2015

Thursday 18 February 2016

The Australian Prudential Regulation Authority (APRA) today released its Quarterly General Insurance Performance Statistics publication for the December quarter 2015.

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 31 December 2015:

  December 2014 December 2015 Change
Net earned premium $31.7 billion $31.3 billion -1.3%
Net incurred claims $20.8 billion $20.9 billion +0.3%
Underwriting result $2.6 billion $2.2 billion -16.2%
Investment income $4.2 billion $2.2 billion -47.5%
Net profit after tax $4.1 billion $2.4 billion -42.2%

Key ratios for the general insurance industry in the year ended 31 December 2015:

  December 2014 December 2015 Change
Net loss ratio 66% 67% +1pp
Return on net assets 15.0% 8.7% -6.3pp
Prescribed capital amount coverage ratio 1.79x 1.74x -0.05x

Refer to the December 2015 Quarterly General Insurance Performance Statistics publication.

Statistics

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