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APRA releases general insurance statistics for September 2016

Tuesday 22 November 2016

 

16.46
 

The Australian Prudential Regulation Authority (APRA) today released its Quarterly General Insurance Performance Statistics publication for the September quarter 2016.

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 2016:

  September 2015 September 2016 Change
Net earned premium $31.6 billion $30.6 billion -3.4%
Net incurred claims $22.2 billion $20.0 billion -9.9%
Underwriting result $1.1 billion $2.6 billion 130.0%
Investment income $3.4 billion $2.9 billion -13.8%
Net profit after tax $2.4 billion $3.1 billion 30.7%

Key ratios for the general insurance industry in the year ended 30 September 2016:

  September 2015 September 2016 Change
Net loss ratio 70% 66% -4pp
Return on net assets 8.6% 11.2% 2.6pp
Prescribed capital amount coverage ratio 1.71x 1.73x 0.02x

Refer to the September 2016 Quarterly General Insurance Performance Statistics publication.

Statistics

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