General insurers made a combined after-tax profit of $3.38 billion in the year to June 30 last year, according to the Australian Prudential Regulation Authority (APRA).

The industry achieved gross earned premium of $36.3 billion and incurred net claims of $20.1 billion, company-level data shows.

APRA gathers the information under company licences, so it can differ from profits reported by parent companies. The statistics also cover companies’ financial years ending at June 30, September 30 and December 31.

Suncorp earned gross earned premium of $1.16 billion in the year to June 30 and incurred net claims, after reinsurance, of $787.2 million, reporting an after-tax profit of $255.6 million.

Vero recorded premium of $1.46 billion and net claims of $1 billion, reporting a $283 million profit.

AAMI earned $2.08 billion premium and incurred $1.6 billion net claims, reporting a profit of $80 million.

GIO recorded premium of $1.7 billion, net claims of $1.2 billion and a $110.4 million profit.

Allianz’s premium in the year to December 31 2011 was $3 billion, net incurred claims were $2 billion and it reported a profit of $256 million.

IAG recorded premium of $3.6 billion, net claims of $1.5 billion and a profit of $419.8 million in the year to June 30, while its intermediated arm CGU reported premium of $2.04 billion, net claims of $1.12 billion and profit of $106.7 million.

Wesfarmers Insurance reported premium of $1.2 billion to June 30, net claims of $692 million and a profit of $22.28 million.

QBE reports as three entities. QBE Australia earned premium of $3.9 billion to December 31 2011, incurred claims of $2.5 billion and reported a profit of $18.5 million. QBE International earned premium of $352 million, incurred claims of $102.9 million and reported a loss of $7.7 million.

QBE LMI earned premium of $212.09 million, incurred net claims of $102.9 million and reported a profit of $129.06 million.

Among companies to report a loss were Zurich – with gross premium of $1.2 billion in the year to December 31 2011, net claims of $693.87 million and a loss of $8.3 million – and Westpac Insurance, with premium of $296.9 million, net claims of $214 million and a loss of $7 million in the year to September 30 2011.

Gen Re saw premium of $86.8 million, reported net claims of $154.7 million and a net loss of $34.6 million. Hannover Re recorded a loss of $17.9 million on premium of $188.3 million and net claims of $235 million.

Munich Re earned premium of $914.2 million, incurred claims of $535.8 million and reported a profit of $335.8 million in the year to December 31 2011.

Swiss Re saw premium of $559.4 million in the year to December 31, incurred claims of $179 million and reported a profit of $124 million.