Re, Insurance companies taking advantage of the idiocy with record profits. If people insist on being stupid and falling for the sucker excuse to raise premiums, then they will accept the record profits gladly.
22 Aug 2024 — Australia's big three general insurance companies are making a killing off the back of sky-high premium increases for customers over the last financial year.
For the year ending 30 June 2023 insurers reported a net profit after tax of AUD 4.6 Billion on gross earned premiums of AUD 66 Billion, even in a year with significant catastrophe activity.
15 Apr 2025- Insurance companies have collectively banked $6.1 billion in annual profit after raising premiums and facing fewer significant weather events. Australia's insurance industry recorded an annual after-tax profit of $6.1 billion in 2024, according to financial consultancy firm KPMG's annual review of the sector.
15 Feb 2025 —Insurance Australia Group Limited (ASX:IAG) has announced that it will pay a dividend of A$0.12 per share on the 7th of March.
