APRA releases general insurance statistics for the September 2021 quarter

APRA has released its Quarterly General Insurance Performance Statistics and Quarterly General Insurance Institution Level Statistics publications for September 2021

Written on 30 November, 2021
Wendy Martin

The Australian Prudential Regulation Authority (APRA) released its Quarterly General Insurance Performance Statistics and Quarterly General Insurance Institution Level Statistics publications for the September 2021 quarter on Thursday 25 November 2021.

The general insurance industry reported a net profit after tax of $944 million and return on net assets of 3.2 percent during the year ended 30 September 2021. The result was supported by improved underwriting results, but investment income continues to be subdued.

The industry PCA coverage ratio decreased slightly in the year ended 30 September 2021 to 1.72x, down from the ratio of 1.74x reported for the same period last year.

The Quarterly General Insurance Institution-level Statistics publication contains individual insurer information about financial performance, financial position, capital adequacy, and key ratios. The quarterly performance statistics of insurers may be impacted by factors outside of their control, such as natural catastrophe events, as well as those driven by their internal processes, such as the timing of actuarial valuations. Users should take these factors into account when interpreting the statistics.

Copies of the 30 September 2021 quarterly publications are available on APRA’s website at Quarterly general insurance statistics | APRA