News Asia03 Jun 2020

Australia:Life insurance sector plunges into net loss for 12 months to March 2020

03 Jun 2020

The life insurance industry's performance has continued to worsen, with net loss after tax standing at A$1.8bn ($1.2bn) for the year to March 2020 (FY2020), says the Australian Prudential Regulation Authority (APRA) in its Quarterly Life Insurance Performance Statistics publication for the March 2020 quarter.

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