OptimaLite 2024

Finity's OptimaLite 2024 report presents a detailed overview of the Australian general insurance industry's recent performance and future outlook.

Compiled by a team of actuaries, statisticians, and management consultants, the report highlights key market trends and financial projections for FY24 and beyond.

This year’s report highlights significant achievements, including an 11% growth in gross earned premium, driven largely by rate increases in response to inflationary pressures.

Investment returns for FY24 surged to a remarkable 6%, marking the strongest result in over a decade.

Additionally, the industry posted an impressive 15% return on equity, one of the best outcomes of the past decade. These highlights reflect a period of sustained profitability and robust financial health for the sector.

Download the full report here.

Download the full report