Published:
139
views
Australia's insurance sectors report revenue growth in Q3 2024
Both the life and general insurance market’s earnings climbed QoQ.
Australia’s life and general insurance sector both saw their quarter ending-September insurance revenues rise 5.5% quarter-on-quarter (QoQ) and 3.4% QoQ to A$6.2b and A$19.2b, respectively.
For the life segment, insurance service expense also marginally climbed 4.7% QoQ to A$5.4b, data from the Australian Prudential Regulation Authority showed. The sector’s overall profit nearly quadrupled (295.7% QoQ) to A$459m.
For the general insurance sector, insurance service expense shrank 3.2% QoQ to A$13.9b. The segment’s overall profit jumped 35.3% QoQ to A$2.1b.
Read Here
Advertise
Sign Up
