{"id":13553,"date":"2011-12-06T21:05:43","date_gmt":"2011-12-06T11:05:43","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=13553"},"modified":"2021-04-15T10:20:43","modified_gmt":"2021-04-15T00:20:43","slug":"life-insurance-profits-continue-to-fall","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2011\/12\/06\/life-insurance-profits-continue-to-fall\/","title":{"rendered":"Life Insurance Profits Continue to Fall"},"content":{"rendered":"<p>Life insurance profits for the quarter ending 30 September 2011 were down significantly on the previous period, according to market statistics released this week.<\/p>\n<p><!--more-->The Australian Prudential Regulation Authority (APRA) Quarterly Life Statistics report found that net profit (after tax) for the September quarter was down 37.8% on the June quarter.\u00a0 Year to date profit for the twelve months to 30 September ($2,535 million) was also down by 12.3% when compared with the 2010 figures.<\/p>\n<p>Total revenue for the September quarter was in the red, with the negative $4,353 million figure well down when compared to the June quarter revenue of $2,121 million.\u00a0 Total revenue for the year was $15,425 million, compared with just over $23 million in the previous year.<\/p>\n<p>Individual risk products contributed $327 million profit to the industry during the September quarter, while group risk products achieved a profit of $54 million in the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Life insurance profits for the quarter ending 30 September 2011 were down significantly on the previous period, according to market statistics released this week.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-13553","post","type-post","status-publish","format-standard","category-general"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/13553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=13553"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/13553\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=13553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=13553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=13553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}