Investor Presentaiton
MARKET DYNAMICS
Momentum is shifting in growth and profitability, and TAL is in a
strong position to take advantage of this
Life insurance market dynamics
Historical market growth: inforce premium by channel¹
AUD bn, Q2 2016-21
+0.2%
16.9
17.2
17.4
16.0
16.1
Sustainability (Net Income for risk products)²
AUD bn, FY 2016 - FY 2021
+5.4%
3
1.38
2
17.0
0.82
0.99
7.7
8.0
8.1
7.4
8.2
8.5
2.0
2.1
2.0
1.9
1.9
1.9
-1
-0.02
-0.39
6.6
7.1
7.1
7.3
6.1
6.5
-2
-3
2016
2017
2018
2019
2020
2021
2016
2017
2018
2019
-1.46
2020
2021
•
Retail
Partnership & Direct
Group
Growth profile impacted by sustained regulatory change
•
Active industry consolidation
• Growth expected to return¹
1NMG Consulting
2Australian Prudential Regulation Authority Quarterly Life Insurance Performance Statistics (June 2021)
TAL Presentation
9
Individual Lump Sum
Individual DII
Group Lump Sum
Group DII
Industry losses, primarily from Individual Disability Income
Insurance (IDII)
•
Regulatory reforms implemented
•
New IDII products launched
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