Some good news for a change for AMP CEO Andrew Mohl: the group remains the leader in single premiums despite a recent spate of corporate mishaps, taking almost 25% or $6.7 billion of new single premiums last financial year. Total single premium sales fell by 12% to $26.8 billion during the year.

But the financial services giant still has a struggle on its hands, according to data research company Dexx&R. Its quarterly life analysis report shows that although AMP still looms large in the market, its June quarter figure was $1.5 billion down on the corresponding period last year.

MLC increased its market share from almost 18% ($5.4 billion) to 21.6% ($5.8 billion) and Axa increased sales from $661 million to just over $1 billion over the year.

New annual premiums increased by almost 15% to $1.7 billion, with ING increasing its market share from 16% to 23% of the sector.

Superannuation single premiums fell by 12% to $20.5 – but MLC and Axa defied the market trend and both made an increase in single premium sales throughout the year.