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Showing 1 - 9 of 9 results for "Group Disability Income Insurance"

Risk inflows stay flat

ANNABELLE DICKSON  |  WEDNESDAY, 3 FEB 2021
... to individual disability income insurance partially offset by a $35.5 million net profit in group disability income insurance and $162.9 million profit in individual lump sum.

Life insurance performance plummets

ANNABELLE DICKSON  |  FRIDAY, 27 NOV 2020
... to individual disability income insurance partially offset by a $35.5 million net profit in group disability income insurance and $162.9 million profit in individual lump sum. However, year on year risk products reported a combined after-tax loss of ...

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... time to more than $3 billion," it said. The profitability of individual lump sum insurance and group disability income insurance also deteriorated. APRA said this was in part due to "poor product design" and "aggressive" selling methods, as highlighted ...

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
... products recorded the following net profit: individual lump sum ($649m), group lump sum ($185m), group disability income insurance ($86m) and individual disability income insurance (-$74m). A separate report from KPMG shows the industry continues to ...

Life insurer profitably improving: APRA

KARREN VERGARA  |  FRIDAY, 2 MAR 2018
... billion to net profit after tax; group lump sum risk products meanwhile earned $273 million; group disability income insurance contributed $216 million (this was partially offset by net loss after tax of $60 million from the individual disability income ...

Life insurers post mixed performance

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2017
Group disability income insurance has turned a corner for life insurers, recording strong earnings after years of mediocre performance, APRA's FY17 life insurance statistics show. Group disability income insurance contributed $152 million of profit ...

Revenue boost for life insurers

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2017
... comprises: individual lump sum risk products ($771m), group lump sum risk products ($265m), and group disability income insurance ($79m). Individual disability income insurance however, made a loss of $427 million during the year. During the March quarter ...

Life revenue drops, profit increases

DARREN SNYDER  |  WEDNESDAY, 17 AUG 2016
... individual disability income insurance -$381 million, group lump sum risk $468 million, and group disability income insurance -$24 million.

Life insurance profits leap 31pct

MARK SMITH  |  TUESDAY, 16 FEB 2016
... Income Insurance contributing $18.4 million, Group Lump Sum Risk contributing $110.1 million and Group Disability Income Insurance contributing $20.2 million. In the year ending December 2015, net profit after tax was $1.4 billion, with Individual Lump ...
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