News Life and Health06 Mar 2023

Australia:Life products generate nearly 50% rise in net profit but overall results pulled down by investments

| 06 Mar 2023

Australia's life insurance industry reported a net profit after tax of A$1.1bn ($745m) in 2022 for risk products, nearly 50% higher than the A$745.6m net profit recorded in 2021, according to data released by the Australian Prudential Regulation Authority (APRA).

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