APRA-regulated general insurance companies suffered a total 61 per cent drop in net profit after tax to $2.1 billion due to higher claim costs and lower interest rates last year although the industry's total assets rose 0.7 per cent to $92.7 billion over the same period. https://www.financialstandard.com.au/feed/latest?story=26493 en-AU Copyright 2026 Financial Standard 5