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Showing 11 - 20 of 24 results for "Total Life"

Life insurer profitably improving: APRA

KARREN VERGARA  |  FRIDAY, 2 MAR 2018
... disability income insurance product group.) The industry reported after-tax profit of $2.4 billion, up 5.6% year-on-year. Total life insurance assets inched 3.2% to $232.5 billion?year-on-year. Return on net assets was flat at 9.3%. In December 2017 ...

ANZ sells life insurance business for $2.85 billion

ALEX BURKE  |  TUESDAY, 12 DEC 2017
... mortgage insurance, general insurance distribution and financial planning arms. ANZ noted that as at 30 September 2017, total life in-force premiums were $1.7 billion. The annual profit of the life insurance business is $189 million on a pro forma cash ...

Landmark advice reforms pass Senate

EMMA RAPAPORT  |  FRIDAY, 10 FEB 2017
... Brad Fox welcomed the reforms saying they will level the playing field for advisers who arrange more than half of the total life insurance held by Australians. "The changes brought by this Bill are designed to encourage the public to have more trust ...

AMP cops short-term pain

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2017
... impact wealth protection would have on future group earnings...We also entered into an agreement to reinsure 25% of our total life-risk exposure and the reinsurance will reduce our profit margins in wealth protection but also released $500 million in ...

Challenger annuities march on

MARK SMITH  |  FRIDAY, 22 APR 2016
... annuities (up 22%) and lifetime annuities (up 63%). Life annuity net book growth for the quarter was $135 million, or 1.6%. Total life sales for the quarter were $864 million, comprising annuity sales of $575 million and other sales of $289 million. ...

MLC offers insurance rollover to external funds

ALEX BURKE  |  MONDAY, 2 NOV 2015
... OnePath, CommInsure and Hannover Re. In fact, a Plan for Life report released on October 20 showed that MLC's share of the total life risk market (which, it should be noted, included both direct and group life business), dropped to 12.1% in the year ...

Challenger annuity sales grow 12 per cent

DARREN SNYDER  |  FRIDAY, 16 OCT 2015
... September 2015 were $13 billion, up $0.2 billion for the quarter mainly due to net book growth. Property as a percentage of total Life investment assets increased from 23% to 25% over the quarter with an offsetting reduction in fixed income, largely ...

FEATURE: Defending wealth

STAFF WRITER  |  TUESDAY, 9 JUN 2015
Australia's retirees and those approaching retirement must fight harder than ever to protect their wealth. As rates fall and global growth slows, some are turning to riskier investments to preserve and guarantee their income in this unpredictable environment. ...

Investment income fuels life insurance sector

ALEX DUNNIN  |  TUESDAY, 20 AUG 2013
... mainly comprised investment inflows of $30 billion compared to the previous year's investment revenue of $6.9 billion. Total life insurance assets were $257 billion compared with $238 billion at June 2012 for an 8.1% increase. Equities accounted for ...

Challenger boutiques and annuities enjoy strong half year

ELISE BURGESS  |  MONDAY, 21 FEB 2011
... after tax (NPAT) of $120 million for the six months to 31 December 2010 while its sales figures were also positive. Total Life sales were $732 million, retail Life sales rose 57 per cent to $713 million with more than 28 per cent of these were of products ...