TAL’s share of the life new annual premium market grew to 20.5% in the year to June 30, up from 15.9% the previous year, according to research by Dexx&r.

Its inflows increased 45% to $606 million in the year.

TAL remains a clear market leader, well ahead of MLC on 13.25% share and AMP on 11.59%.

MLC’s share fell slightly, from 13.7% the previous year, despite inflows growing to $392 million from $361 million.

AMP’s new business fell to $343 million from $357 million.

TAL has also held top spot in the total annual inforce premium market, with a share of 16.88%, ahead of AMP on 14.1% and MLC on 13.1%.

Its premium inflows grew 25% to $2.1 billion.

AMP’s inforce premiums grew 4% to $1.8 billion, and MLC gained 6% to $1.6 billion.

AMP is market leader in all life segments except group, where TAL dominates.