Macquarie Bank sold its Canadian premium funding business earlier this year for about $17 million, according to the financial group’s results for the six months to September 30.

No half-year financial figures have been released for its Australian premium funding arm, but the report says client numbers at the business were up 11% on the previous corresponding period.

In the life business, inforce premium was $140 million for the half-year, up 29.6% from $108 million from the corresponding period last year.

Income from insurance and other unit-holder businesses fell 3% to $30 million, mainly because of lower superannuation funds under management.