The Australian Prudential Regulation Authority (APRA) has released the life insurance institution-level statistics for December 2022.
|
Life insurer |
Balance date |
Net profit/(loss) after tax |
|---|---|---|
|
AIA Australia Limited |
December 31 |
$4 million |
|
Allianz Australia Life Insurance Limited |
December 31 |
$(33 million) |
|
Asteron Life & Superannuation Limited |
March 31 |
$39 million |
|
Challenger Life Company Limited |
June 30 |
$264 million |
|
ClearView Life Assurance Limited |
June 30 |
$18 million |
|
Combined Life Insurance Company of Australia Ltd |
December 31 |
$(2 million) |
|
General Reinsurance Life Australia Ltd |
December 31 |
$4 million |
|
H C F Life Insurance Company Pty Ltd |
June 30 |
$(5 million) |
|
Hallmark Life Insurance Company Ltd |
December 31 |
$1 million |
|
Hannover Life Re of Australasia Ltd |
December 31 |
$(71 million) |
|
Integrity Life Australia Limited |
June 30 |
$5 million |
|
MLC Limited |
December 31 |
$103 million |
|
Macquarie Life Limited |
March 31 |
$(1 million) |
|
MetLife Insurance Limited |
December 31 |
$14 million |
|
Munich Reinsurance Company of Australasia Limited |
December 31 |
$(140 million) |
|
Pacific Life Re (Australia) Pty Limited |
December 31 |
$15 million |
|
QInsure Limited |
June 30 |
$18 million |
|
RGA Reinsurance Company of Australia Limited |
December 31 |
$(98 million) |
|
RLNM Limited |
December 31 |
$0 million |
|
Resolution Life Australasia Limited |
December 31 |
$223 million |
|
SCOR Global Life Australia Pty Limited |
December 31 |
$(2 million) |
|
St Andrew’s Life Insurance Pty Ltd |
August 31 |
$0 million |
|
Swiss Re Life & Health Australia Limited |
December 31 |
$(42 million) |
|
TAL Life Insurance Services Limited |
September 30 |
$(279 million) |
|
TAL Life Limited |
March 31 |
$158 million |
|
Zurich Australia Limited |
December 31 |
$119 million |
OnePath Life, which transferred its business to Zurich Australia in August 2022, is excluded from the list. Meanwhile it was noted that AMP Life changed its name to Resolution Life Australasia and that Westpac Life Insurance Services was renamed to TAL Life Insurance Services.
“This publication is compiled primarily from regulatory returns submitted to APRA under the Financial Sector (Collection of Data) Act 2001 by authorised life insurance companies,” the watchdog said. “APRA-regulated life insurers are prudentially supervised under the Life Insurance Act 1995.
“Life insurer returns relate to the financial year-end of each insurer, which can occur on any date within the 12 months up to and including the reference date of the publication.”
