CHIEF EXECUTIVE 1.3 Performance Highlights insurance claims (including RiskCover) total claims 29,782 – total paid - $679 million contribution to the state net debt reduction - $408 million dividends - $116.9 million* tax paid - $79.8 million insurance duty $119.9 million performance profit before tax - $263 million underwriting loss - -$81.3 million value of assets - $5.2 billion premium revenue - $686.7 million total equity - $1.2 billion total solvency 129.9% – Investment Performance - $1.3 billion (including RiskCover) customers total insured vehicles 2,865,885 – total insured drivers 1,832,331 – government agencies Covered 137 – *reduced in 2017 due to amalgamations within health services and the tafe sector. total government employees covered 122,829 – value of government assets covered - $54 billion expansion of injury insurance Catastrophic injuries support insurance was introduced for motorists in 2017 to ensure all people catastrophically injured in car crashes receive lifetime care and support. *Interim and Special Dividends paid from the Party Insurance Fund for 2017 performance. +Tax paid was higher in 2017 due to the sale of direct property assets and capital gains tax incurred.
CHIEF EXECUTIVE 1.3 Performance Highlights insurance claims (including RiskCover) total claims – 29,782 total paid - $679 million contribution to the state net debt reduction - $408 million dividends - $116.9 million* tax paid - $79.8 million insurance duty $119.9 million performance profit before tax - $263 million underwriting loss - -$81.3 million value of assets - $5.2 billion premium revenue - $686.7 million total equity - $1.2 billion total solvency – 129.9% Investment Performance - $1.3 billion (including RiskCover) customers total insured vehicles – 2,865,885 total insured drivers – 1,832,331 government agencies Covered – 137 *reduced in 2017 due to amalgamations within health services and the tafe sector. total government employees covered – 122,829 value of government assets covered - $54 billion expansion of injury insurance Catastrophic injuries support insurance was introduced for motorists in 2017 to ensure all people catastrophically injured in car crashes receive lifetime care and support. *Interim and Special Dividends paid from the Party Insurance Fund for 2017 performance. +Tax paid was higher in 2017 due to the sale of direct property assets and capital gains tax incurred.
Insurance-Commission-of-Western-Australia-2017-Annual-Report-Word-Version.docx