APRA releases life insurance statistics for September 2018
The Australian Prudential Regulation Authority (APRA) today released its Quarterly Life Insurance Performance Statistics publication for the September 2018 quarter.
| September 2017 | September 2018 | Change | |
|---|---|---|---|
| Net policy revenue | $16.0 billion | $17.9 billion | +11.5% |
| Investment revenue | $12.3 billion | $17.5 billion | +42.1% |
| Total revenue | $31.6 billion | $39.6 billion | +25.4% |
| Net policy expenses | $9.4 billion | $10.0 billion | +5.6% |
| Operating expenses | $8.5 billion | $9.7 billion | +13.7% |
| Effective movement in net policy liabilities | $10.0 billion | $16.3 billion | +63.6% |
| Total expenses | $28.0 billion | $36.2 billion | +29.1% |
| Net profit after tax | $2.4 billion | $1.8 billion | -24.1% |
| Total assets | $229.6 billion | $232.7 billion | +1.4% |
| Risk product | September 2017 | September 2018 | September 2018 quarter only |
|---|---|---|---|
| Individual lump sum risk | $800.9 million | $749.4 million | $88.5 million |
| Individual disability income insurance | -$294.2 million | -$275.7 million | -$172.9 million |
| Group lump sum risk | $256.1 million | $109.5 million | $7.2 million |
| Group disability income insurance | $191.5 million | $69.7 million | $7.3 million |
| September 2017 | September 2018 | Change | |
|---|---|---|---|
| Return on net assets | 9.4% | 7.1% | -2.3 pp |
| Prescribed capital amount coverage ratio | 1.90x | 1.77x | -0.13x |
The ‘highlights’ section in the Quarterly Life Insurance Performance Statistics publication provides additional detail of the movements in key performance statistics.
The September 2018 Quarterly Life Insurance Performance Statistics publication is available on APRA’s website at:
https://www.apra.gov.au/publications/quarterly-life-insurance-performance-statistics
Media enquiries
Contact APRA Media Unit, on +61 2 9210 3636
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, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.