APRA released Quarterly General Insurance Performance Statistics – March 2017.
According to the statistics, in the year ended 31 March 2017:
- net earned premium increased 4.8%, from $30.3 billion to $31.8 billion;
- net incurred claims increased by 10.9%, from $19.4 billion to $21.5 billion;
- underwriting result decreased by 22%, from $2.9 billion to $2.3 billion;
- investment income increased by 108.8%, from $1.4 billion to $3.0 billion; and
- net profit after tax increased by $17.4, from $2.2 billion to $2.6 billion.
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