Home / Life Insurance / Industry profit tops $1 billion: APRA data
20 June 2022
Life insurers and reinsurers achieved more than $1 billion in combined net profit for financial years ended in the 12 months to December 31, according to latest data from the Australian Prudential Regulation Authority (APRA).
An insuranceNEWS.com.au calculation shows the 27 industry players covered by the APRA data made a net profit of about $1.139 billion.
Challenger Life Company led the way with $628 million, while other key players also performed solidly. AMP made $222 million, Munich Re $253 million but Asteron Life & Superannuation lost $218 million.
Here are the selected results of life insurers (in alphabetical order):