Insurance - PricewaterhouseCoopers

2.1
Statistics
Top 15 life insurers
Source: Published annual financial statements or APRA annual returns for Australian life insurance operations.
Notes: Policy liabilities are net of all reinsurance recoveries and also include life investment policy liabilities.
Investment revenue includes unrealised gains/losses and investment management expenses.
Ranking Measure: Performance
Net Insurance Prem Rev
Investment
Revenue
Entity
Year
end
Current
$m
Current
Rank
Prior
$m
Prior
Rank
%
Change
Current Prior
1 AMP Life 12/08 913 1 863 1 6% -14,687 6,997
2 The Colonial Mutual Life Assurance Society 06/08 804 2 690 4 17% -617 2,826
3 ING Life 12/08 777 3 692 3 12% -6,283 2,091
4 MLC 09/08 749 4 682 5 10% -9,175 7,344
5 National Mutual Life Association of Australasia 12/08 552 5 851 2 -35% 2,948 1,146
6 TOWER Australia 09/08 486 6 345 8 41% -313 348
7 Swiss Re Life & Health Australia 12/08 420 7 387 7 9% 29 58
8 RGA Reinsurance Company of Australia 12/08 386 8 319 9 21% 58 18
9
American International
Assurance Company (Australia)
11/08 368 9 275 10 34% -27 55
10 Hannover Life Re of Australasia 12/08 313 10 396 6 -21% 89 21
11 MetLife Insurance 12/08 264 11 194 12 36% 10 80
12 Westpac Life 09/08 258 12 223 11 16% -1,785 1,753
13 Munich Reinsurance Company of Australasia 03/08 200 13 173 14 16% 73 30
14 Norwich Union Life Australia 12/08 186 14 193 13 -4% -818 340
15 Suncorp Life & Superannuation 06/08 179 15 130 15 37% 575 961
96 | Insurance facts and figures 2009