CommInsure’s general insurance income grew 9% last financial year, with higher renewals partly offset by increased weather-related claims.

It has reported general insurance sales of $145 million and lapses of $97 million, taking the total value inforce to $783 million at June 30, compared with $735 million a year earlier.

General insurance income fell significantly in the second half compared with the first half due to a spike in weather-related claims, but inforce premium still grew 2% over the period.

Total insurance income in the Commonwealth Bank wealth division was $438 million in the year to June 30, down 12.7% on the previous year amid a weaker retail life result, as income protection claims grew.

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