The Australian insurance industry provides life insurance, property, casualty, and health insurance coverage to businesses and individuals. The APRA regulates the financial services industry in Australia and manages banks, building societies, credit unions, general insurance and reinsurance companies, life insurance, private health insurers, as well as most members of the superannuation industry.
During the year ended 31 March 2021, the industry reported a net profit after tax (NPAT) of AU$1.1 billion and 3.9% of return on net assets. The APRA mentioned that provisions for business interruption claims drove these results, natural catastrophe claims costs, and falls in investment income.
With this backdrop, we will highlight 5 ASX-listed insurance stocks that have provided good returns in the last one month and three months
Read More: 5 Insurance Stocks in ASX