News Non-Life09 Mar 2021

Australia:Non-life insurance sector's net profit plunges 99% in 2020

| 09 Mar 2021

The general insurance industry reported a net profit after tax of A$35m ($26.9m) for the year ended 31 December 2020, which was 1.1% of the A$3.1bn posted for 2019, according to data released by the Australian Prudential Regulation Authority (APRA).

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