TAL sees growth in profits and payoutsBY ALEX BURKE | WEDNESDAY, 20 MAY 2015 12:05PMFinancial results from TAL's Japanese parent, Dai-Ichi Life, reveal Australia's biggest life insurer has seen a 12% rise in underlying profit to $146.6 million in the year ended 31 March 2015. Related News |
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That is a fantastic result for TAL and an indication of a well run Life Insurance business.
Interestingly, this profitability has occurred over a period where the commission payment model of Upfront, Hybrid or Level options to advisers have been in operation. You would have to think that the much talked about question of Upfront commissions contributing to an unstainable future for Life Insurance companies is a complete smokescreen, when the profitability of TAL has increased by 12% and it's income is 2.2 times it's claim costs.