APRA unveils latest general insurance statistics

The Australian Prudential Regulation Authority (APRA) has released its latest general insurance institutional-level statistics.

The annual report is for general insurers, general insurance groups, and Lloyd’s Australia. The figures revolve around financial performance, position, and capital adequacy.

Full-year results

For the 12 months to December 31, 2022, QBE Insurance Group Limited (QBE) dominated its competitors by reporting a whopping $27,501 million gross earned premium (total business).

QBE was followed by Insurance Australia Group Limited (IAG) with $12,972 million gross earned premium (total business) and Suncorp Insurance Holdings Limited (Suncorp) with $10,872 million (total business).

Half-year results

For the six months to December 31, 2022, QBE reported a $14,918 million gross earned premium (total business).

IAG made it to second place with $6,853 million gross earned premium (total business) and Suncorp, with $5,815 million (total business), was third.

The rest of the data is available on the APRA website.

APRA also released its latest insurance claims and disputes statistics covering industry and insurer-level data and the December 2022 statistics on intermediated general insurance.