Australia life insurance industry suffers 88.6% loss in investment revenues

The loss was offset by the 25% decrease in operating expenses.

Australia’s life insurance industry registered only 2.6% growth in net profits, dragged down by the 88.6% loss in investment revenue in the year ended March 2022, data by the Australian Prudential Regulation Authority revealed.

The fall in investment revenue was offset by a 25% decrease in total expenses. Net profit for the industry was $710m (A$1b) for the year ended March 2022.

For the quarter ended March 2022, net profit stood at $33.63m, representing a 78.7% loss from the previous quarter.

You may also like:

bolttech announces partnership with Vietnam’s largest telecom operator

Taiwan’s COVID-19 insurance claims may exceed $1.39b: regulator

Allianz Malaysia reports over 100% increase in pre-tax profit in Q1

Follow the link for more news on

Australian Prudential Regulation Authority

Also Read

Philippine life insurance sector slated for 5.4% CAGR by 2028

Property insurance industry to exceed $152b by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit