Skip to main content
Media Releases

APRA releases general insurance statistics for September 2017

Thursday 16 November 2017

 

17.47

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:

 

September 2016 September 2017 Change
Net earned premium $30.6 billion $32.1 billion +4.9%
Net incurred claims $20.0 billion $20.2 billion +1.0%
Underwriting result $2.6 billion $3.8 billion +47.1%
Investment income $2.9 billion $2.0 billion -31.8%
Net profit after tax $3.1 billion $3.0 billion -1.9%

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

  September 2016 September 2017 Change
Net loss ratio 66% 63% -3pp
Return on net assets 11.2% 11.0% -0.2pp
Prescribed capital amount coverage ratio 1.73x 1.79x +0.06x
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.