The Australian Prudential Regulation Authority (APRA) today released
its Quarterly General Insurance Performance Statistics and Quarterly
General Insurance Institution Level Statistics publications for the
September 2021 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.
Industry reported a net profit after tax of $944 million and
return on net assets of 3. 2 per cent during the year ended 30
September 2021. The result was supported by improved underwriting
results but investment income continues to be subdued.
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.
Key performance statistics for the
general insurance industry in the year ended 30
Gross claims expense
profit after tax
Key ratios for the general insurance
Net loss ratio
+1 percentage point
Return on net assets
capital amount coverage ratio
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
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