News Life and Health30 May 2022

Australia:Life insurance sector posts after-tax profit of over US$700m in 12 months to 31 Mar

| 30 May 2022

The life insurance industry in Australia posted a net profit after tax for the industry was A$1.0bn ($716m) for the year ended 31 March 2022, driven by a stable result in premium revenue, with falls in investment revenue offset by a 25% decrease in total expenses, says the Australian Prudential Regulation Authority (APRA).

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