Gross loss ratio of homeowners and householders insurance in Australia 2017-2022
As of March 2022, the gross loss ratio of homeowners and householders insurance in Australia reached 87.4 percent, reflecting a higher loss ratio compared to the previous year. In 2022, Australia's gross earned premium of homeowners and householders insurance amounted to approximately eleven billion Australian dollars, whereas gross incurred claims totaled around 9.69 billion Australian dollars.
