Good results at CommInsure
Commonwealth Bank of Australia’s insurance premiums were up 2.5% to $1.58 billion for the June quarter.
The bank has reported consistent growth in the first six months of this year with March quarter premiums at $1.54 billion.
Retail life premiums recorded a 2.9% increase during the June quarter to $829 million while wholesale life was up 1.6% to $323 million.
CommInsure’s general insurance premium income grew by 2.5% to $408 million for the June quarter.
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