Skip to main content
Media Releases

APRA releases general insurance statistics for June 2017

Thursday 17 August 2017

 

17.32

The Australian Prudential Regulation Authority (APRA) today released its Quarterly General Insurance Performance Statistics publication for the June 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 June 2017:

  June 2016 June 2017 Change
Net earned premium $30.2 billion $31.8 billion +5.3%
Net incurred claims $20.0 billion $20.4 billion +1.6%
Underwriting result $2.2 billion $3.5 billion +58.1%
Investment income $3.0 billion $2.4 billion -18.1%
Net profit after tax $2.9 billion $3.1 billion +7.2%

Key ratios for the general insurance industry in the year ended 30 June 2017:

  June 2016 June 2017 Change
Net loss ratio 66% 64% -2pp
Return on net assets 10.4% 10.8% +0.4pp
Prescribed capital amount coverage ratio 1.73x 1.84x +0.11x

Refer to the 30 June 2017 Quarterly General Insurance Performance Statistics publication.

Statistics

Media enquiries

Contact Ben McLean, APRA Media Unit, on +61 2 9210 3024

All other enquiries

For more information contact APRA on 1300 558 849.

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 $6.5 trillion in assets for Australian depositors, policyholders and superannuation fund members.