Here are the Q1 stats that were filed in their entirety. One bit of detail that we didn't get in the announcement is the break down of claims
The - $ 21m in gross claims was in fact a $ 27 M reserve release and $6 M in actual paid claims - On NEP of $108 M !!!! Kaching!
Also $83 M in mark-to-market losses, in a rising interest rate environment. As those bonds mature these losses will be written back in.
All good, just a little more colour around the earlier announcement.
https://www.apra.gov.au/quarterly-general-insurance-statistics
APRA Stats
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