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APRA releases life insurance statistics for June 2017

Tuesday 15 August 2017

 

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

The Quarterly Life Insurance Performance Statistics publication provides industry aggregate summaries of financial performance, financial position, capital adequacy and key ratios in a time series.

Key performance statistics for the life insurance industry in the year ended 30 June 2017:

  June 2016 June 2017 Change
Net policy revenue $16.0 billion $15.9 billion -0.34%
Net policy revenue recognised as a deposit $39.3 billion $28.8 billion -26.9%
Net policy expenses $8.2 billion $9.4 billion +14.2%
Net policy expenses recognised as a withdrawal $52.5 billion $104.8 billion +99.6%
Net profit after tax $2.9 billion $2.4 billion -18.4%
Total assets $293.0 billion $229.5 billion -21.7%

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

  June 2016 June 2017 Change
Return on net assets 12.1% 9.5% -2.6 pp
Prescribed capital amount coverage ratio 1.81x 1.88x +0.07x

Refer to the June 2017 Quarterly Life Insurance Performance Statistics publication.
 

Statistics

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