The Australian Prudential Regulation Authority has released the first edition of its quarterly general insurance institution-level statistics.

The information includes financial performance, financial position, capital adequacy and key ratios for the quarter to September 30.

The regulator says the performance statistics may be affected by factors beyond insurers’ control, such as catastrophes, plus those driven by internal processes.

Market leaders QBE, Suncorp and IAG have issued individual statements saying the regulator’s quarterly statutory figures will differ materially from their reported results to the Australian Securities Exchange for a variety reasons.

For example, QBE reports its earnings to the market in US currency, while the regulator’s statutory reporting is in Australian dollars.

Key insurers’ results (in alphabetical order) include:

• Suncorp-owned AAI had gross earned premium of $2.06 billion, gross incurred claims of $1.51 billion and $145 million net profit
• AIG Australia recorded $168 million in gross earned premium, $94 million in gross incurred claims and $9 million in net profit
• Allianz Australia registered $1.23 billion in gross earned premium, $814 million in gross incurred claims and $85 million in net profit
• Berkshire Hathaway Specialty Insurance logged in $30 million gross earned premium, $8 million gross incurred claims and $4 million net profit
• Chubb Insurance Australia had $241 million gross earned premium, $213 million gross incurred claims and a $9 million net loss
• Great Lakes Insurance had $88 million in gross earned premium, $38 million in gross incurred claims and a $5 million net loss
• HDI Global’s gross earned premium was $27 million, gross incurred claims were $20 million and net profit came to $1 million
• IAG-owned Insurance Australia had gross earned premium of $2.13 billion, gross incurred claims of $1.24 billion and $180 million net profit
• QBE Insurance Australia – which had $1.27 billion in gross earned premium, $797 million in gross incurred claims and $80 million net profit
• The Hollard Insurance Company recorded $188 million in gross earned premium, $118 million in gross incurred claims and $2 million net profit
• XL Insurance Company had $53 million in gross earned premium, $60 million in gross incurred claims and $7 million net loss
• Youi’s gross earned premium was $167 million, gross incurred claims were $95 million and net profit came to $25 million
• Zurich Australian Insurance had $256 million in gross earned premium, $265 million in gross incurred claims and $11 million in net profit.

Reinsurers’ results (in alphabetical order) include:

• Gen Re Australia’s gross earned premium totalled $22 million, gross incurred claims declined by $11 million and net profit was $7 million
• Munich Re had $226 million in gross earned premium, $112 million in gross incurred claims and net loss of $2 million
• Swiss Reinsurance recorded $132 million in gross earned premium, gross incurred claims declined $25 million and net profit came to $33 million.