{
 "class_of_business": "Travel",
 "what_the_state_means": "The state is where the policy was written, not where the traveller went or what their trip cost. A travel premium is not set by the buyer's state the way a health insurance premium is, so these figures say where the business is and how it ran there; they are not a price a reader in that state would be quoted, and a reader should not be moved between states on the strength of them.",
 "small_states_are_volatile": "ACT, NT and Tasmania each write a small enough share of the class that one quarter's claims moves their ratio by tens of percentage points. Read revenue_m beside the ratio before quoting it.",
 "latest_financial_year": 2026,
 "label": "FY26",
 "basis": "aasb17",
 "national": {
  "revenue_m": 1659.0,
  "claims_m": 858.0,
  "loss_ratio_pct": 51.7
 },
 "states_total_revenue_m": 1379.0,
 "unallocated_revenue_m": 280.0,
 "unallocated_note": "The state figures are a separate APRA data item from the national one and do not sum to it. The difference is business the state item does not allocate; it is reported here rather than spread across the states or quietly dropped.",
 "states": {
  "ACT": {
   "state": "ACT",
   "state_name": "Australian Capital Territory",
   "latest_financial_year": 2026,
   "revenue_m": 16.0,
   "claims_m": 8.0,
   "loss_ratio_pct": 50.0,
   "quarters": [
    {
     "period_end": "2023-12-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 4.0,
     "claims_reported_m": null,
     "claims_m": null,
     "loss_ratio_pct": null,
     "suppressed": true
    },
    {
     "period_end": "2024-03-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 3.0,
     "claims_reported_m": -1.0,
     "claims_m": 1.0,
     "loss_ratio_pct": 33.3,
     "suppressed": false
    },
    {
     "period_end": "2024-06-30",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 4.0,
     "claims_reported_m": -1.0,
     "claims_m": 1.0,
     "loss_ratio_pct": 25.0,
     "suppressed": false
    },
    {
     "period_end": "2024-09-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 5.0,
     "claims_reported_m": -3.0,
     "claims_m": 3.0,
     "loss_ratio_pct": 60.0,
     "suppressed": false
    },
    {
     "period_end": "2024-12-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 4.0,
     "claims_reported_m": -2.0,
     "claims_m": 2.0,
     "loss_ratio_pct": 50.0,
     "suppressed": false
    },
    {
     "period_end": "2025-03-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 4.0,
     "claims_reported_m": -2.0,
     "claims_m": 2.0,
     "loss_ratio_pct": 50.0,
     "suppressed": false
    },
    {
     "period_end": "2025-06-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 4.0,
     "claims_reported_m": -2.0,
     "claims_m": 2.0,
     "loss_ratio_pct": 50.0,
     "suppressed": false
    },
    {
     "period_end": "2025-09-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 4.0,
     "claims_reported_m": -3.0,
     "claims_m": 3.0,
     "loss_ratio_pct": 75.0,
     "suppressed": false
    },
    {
     "period_end": "2025-12-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 4.0,
     "claims_reported_m": -2.0,
     "claims_m": 2.0,
     "loss_ratio_pct": 50.0,
     "suppressed": false
    },
    {
     "period_end": "2026-03-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 4.0,
     "claims_reported_m": -2.0,
     "claims_m": 2.0,
     "loss_ratio_pct": 50.0,
     "suppressed": false
    },
    {
     "period_end": "2026-06-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 4.0,
     "claims_reported_m": -1.0,
     "claims_m": 1.0,
     "loss_ratio_pct": 25.0,
     "suppressed": false
    }
   ],
   "financial_years": [
    {
     "financial_year": 2024,
     "label": "FY24",
     "quarters": 3,
     "complete": false,
     "insurance_revenue_m": 11.0,
     "claims_m": 2.0,
     "loss_ratio_pct": null,
     "loss_ratio_withheld_because": "only 3 of 4 quarters are published on this basis"
    },
    {
     "financial_year": 2025,
     "label": "FY25",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 17.0,
     "claims_m": 9.0,
     "loss_ratio_pct": 52.9,
     "loss_ratio_withheld_because": null
    },
    {
     "financial_year": 2026,
     "label": "FY26",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 16.0,
     "claims_m": 8.0,
     "loss_ratio_pct": 50.0,
     "loss_ratio_withheld_because": null
    }
   ],
   "rank_lowest_return_first": 6
  },
  "NSW": {
   "state": "NSW",
   "state_name": "New South Wales",
   "latest_financial_year": 2026,
   "revenue_m": 654.0,
   "claims_m": 402.0,
   "loss_ratio_pct": 61.5,
   "quarters": [
    {
     "period_end": "2023-12-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 154.0,
     "claims_reported_m": -147.0,
     "claims_m": 147.0,
     "loss_ratio_pct": 95.5,
     "suppressed": false
    },
    {
     "period_end": "2024-03-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 148.0,
     "claims_reported_m": -94.0,
     "claims_m": 94.0,
     "loss_ratio_pct": 63.5,
     "suppressed": false
    },
    {
     "period_end": "2024-06-30",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 192.0,
     "claims_reported_m": -87.0,
     "claims_m": 87.0,
     "loss_ratio_pct": 45.3,
     "suppressed": false
    },
    {
     "period_end": "2024-09-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 153.0,
     "claims_reported_m": -108.0,
     "claims_m": 108.0,
     "loss_ratio_pct": 70.6,
     "suppressed": false
    },
    {
     "period_end": "2024-12-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 147.0,
     "claims_reported_m": -128.0,
     "claims_m": 128.0,
     "loss_ratio_pct": 87.1,
     "suppressed": false
    },
    {
     "period_end": "2025-03-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 143.0,
     "claims_reported_m": -94.0,
     "claims_m": 94.0,
     "loss_ratio_pct": 65.7,
     "suppressed": false
    },
    {
     "period_end": "2025-06-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 174.0,
     "claims_reported_m": -113.0,
     "claims_m": 113.0,
     "loss_ratio_pct": 64.9,
     "suppressed": false
    },
    {
     "period_end": "2025-09-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 168.0,
     "claims_reported_m": -118.0,
     "claims_m": 118.0,
     "loss_ratio_pct": 70.2,
     "suppressed": false
    },
    {
     "period_end": "2025-12-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 148.0,
     "claims_reported_m": -109.0,
     "claims_m": 109.0,
     "loss_ratio_pct": 73.6,
     "suppressed": false
    },
    {
     "period_end": "2026-03-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 158.0,
     "claims_reported_m": -89.0,
     "claims_m": 89.0,
     "loss_ratio_pct": 56.3,
     "suppressed": false
    },
    {
     "period_end": "2026-06-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 180.0,
     "claims_reported_m": -86.0,
     "claims_m": 86.0,
     "loss_ratio_pct": 47.8,
     "suppressed": false
    }
   ],
   "financial_years": [
    {
     "financial_year": 2024,
     "label": "FY24",
     "quarters": 3,
     "complete": false,
     "insurance_revenue_m": 494.0,
     "claims_m": 328.0,
     "loss_ratio_pct": null,
     "loss_ratio_withheld_because": "only 3 of 4 quarters are published on this basis"
    },
    {
     "financial_year": 2025,
     "label": "FY25",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 617.0,
     "claims_m": 443.0,
     "loss_ratio_pct": 71.8,
     "loss_ratio_withheld_because": null
    },
    {
     "financial_year": 2026,
     "label": "FY26",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 654.0,
     "claims_m": 402.0,
     "loss_ratio_pct": 61.5,
     "loss_ratio_withheld_because": null
    }
   ],
   "rank_lowest_return_first": 7
  },
  "NT": {
   "state": "NT",
   "state_name": "Northern Territory",
   "latest_financial_year": 2026,
   "revenue_m": 4.0,
   "claims_m": 3.0,
   "loss_ratio_pct": 75.0,
   "quarters": [
    {
     "period_end": "2023-12-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 7.0,
     "claims_reported_m": null,
     "claims_m": null,
     "loss_ratio_pct": null,
     "suppressed": true
    },
    {
     "period_end": "2024-03-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 1.0,
     "claims_reported_m": 0.0,
     "claims_m": 0.0,
     "loss_ratio_pct": 0.0,
     "suppressed": false
    },
    {
     "period_end": "2024-06-30",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 1.0,
     "claims_reported_m": 0.0,
     "claims_m": 0.0,
     "loss_ratio_pct": 0.0,
     "suppressed": false
    },
    {
     "period_end": "2024-09-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 2.0,
     "claims_reported_m": 0.0,
     "claims_m": 0.0,
     "loss_ratio_pct": 0.0,
     "suppressed": false
    },
    {
     "period_end": "2024-12-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 1.0,
     "claims_reported_m": 0.0,
     "claims_m": 0.0,
     "loss_ratio_pct": 0.0,
     "suppressed": false
    },
    {
     "period_end": "2025-03-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 1.0,
     "claims_reported_m": -1.0,
     "claims_m": 1.0,
     "loss_ratio_pct": 100.0,
     "suppressed": false
    },
    {
     "period_end": "2025-06-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 1.0,
     "claims_reported_m": 0.0,
     "claims_m": 0.0,
     "loss_ratio_pct": 0.0,
     "suppressed": false
    },
    {
     "period_end": "2025-09-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 1.0,
     "claims_reported_m": -1.0,
     "claims_m": 1.0,
     "loss_ratio_pct": 100.0,
     "suppressed": false
    },
    {
     "period_end": "2025-12-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 1.0,
     "claims_reported_m": 0.0,
     "claims_m": 0.0,
     "loss_ratio_pct": 0.0,
     "suppressed": false
    },
    {
     "period_end": "2026-03-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 1.0,
     "claims_reported_m": -1.0,
     "claims_m": 1.0,
     "loss_ratio_pct": 100.0,
     "suppressed": false
    },
    {
     "period_end": "2026-06-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 1.0,
     "claims_reported_m": -1.0,
     "claims_m": 1.0,
     "loss_ratio_pct": 100.0,
     "suppressed": false
    }
   ],
   "financial_years": [
    {
     "financial_year": 2024,
     "label": "FY24",
     "quarters": 3,
     "complete": false,
     "insurance_revenue_m": 9.0,
     "claims_m": 0.0,
     "loss_ratio_pct": null,
     "loss_ratio_withheld_because": "only 3 of 4 quarters are published on this basis"
    },
    {
     "financial_year": 2025,
     "label": "FY25",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 5.0,
     "claims_m": 1.0,
     "loss_ratio_pct": 20.0,
     "loss_ratio_withheld_because": null
    },
    {
     "financial_year": 2026,
     "label": "FY26",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 4.0,
     "claims_m": 3.0,
     "loss_ratio_pct": 75.0,
     "loss_ratio_withheld_because": null
    }
   ],
   "rank_lowest_return_first": 8
  },
  "QLD": {
   "state": "QLD",
   "state_name": "Queensland",
   "latest_financial_year": 2026,
   "revenue_m": 215.0,
   "claims_m": 76.0,
   "loss_ratio_pct": 35.3,
   "quarters": [
    {
     "period_end": "2023-12-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 53.0,
     "claims_reported_m": 2.0,
     "claims_m": 2.0,
     "loss_ratio_pct": 3.8,
     "suppressed": false
    },
    {
     "period_end": "2024-03-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 52.0,
     "claims_reported_m": -13.0,
     "claims_m": 13.0,
     "loss_ratio_pct": 25.0,
     "suppressed": false
    },
    {
     "period_end": "2024-06-30",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 56.0,
     "claims_reported_m": -18.0,
     "claims_m": 18.0,
     "loss_ratio_pct": 32.1,
     "suppressed": false
    },
    {
     "period_end": "2024-09-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 73.0,
     "claims_reported_m": -13.0,
     "claims_m": 13.0,
     "loss_ratio_pct": 17.8,
     "suppressed": false
    },
    {
     "period_end": "2024-12-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 60.0,
     "claims_reported_m": -21.0,
     "claims_m": 21.0,
     "loss_ratio_pct": 35.0,
     "suppressed": false
    },
    {
     "period_end": "2025-03-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 55.0,
     "claims_reported_m": -17.0,
     "claims_m": 17.0,
     "loss_ratio_pct": 30.9,
     "suppressed": false
    },
    {
     "period_end": "2025-06-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 58.0,
     "claims_reported_m": -22.0,
     "claims_m": 22.0,
     "loss_ratio_pct": 37.9,
     "suppressed": false
    },
    {
     "period_end": "2025-09-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 55.0,
     "claims_reported_m": -22.0,
     "claims_m": 22.0,
     "loss_ratio_pct": 40.0,
     "suppressed": false
    },
    {
     "period_end": "2025-12-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 53.0,
     "claims_reported_m": -16.0,
     "claims_m": 16.0,
     "loss_ratio_pct": 30.2,
     "suppressed": false
    },
    {
     "period_end": "2026-03-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 51.0,
     "claims_reported_m": -22.0,
     "claims_m": 22.0,
     "loss_ratio_pct": 43.1,
     "suppressed": false
    },
    {
     "period_end": "2026-06-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 56.0,
     "claims_reported_m": -16.0,
     "claims_m": 16.0,
     "loss_ratio_pct": 28.6,
     "suppressed": false
    }
   ],
   "financial_years": [
    {
     "financial_year": 2024,
     "label": "FY24",
     "quarters": 3,
     "complete": false,
     "insurance_revenue_m": 161.0,
     "claims_m": 33.0,
     "loss_ratio_pct": null,
     "loss_ratio_withheld_because": "only 3 of 4 quarters are published on this basis"
    },
    {
     "financial_year": 2025,
     "label": "FY25",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 246.0,
     "claims_m": 73.0,
     "loss_ratio_pct": 29.7,
     "loss_ratio_withheld_because": null
    },
    {
     "financial_year": 2026,
     "label": "FY26",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 215.0,
     "claims_m": 76.0,
     "loss_ratio_pct": 35.3,
     "loss_ratio_withheld_because": null
    }
   ],
   "rank_lowest_return_first": 1
  },
  "SA": {
   "state": "SA",
   "state_name": "South Australia",
   "latest_financial_year": 2026,
   "revenue_m": 87.0,
   "claims_m": 34.0,
   "loss_ratio_pct": 39.1,
   "quarters": [
    {
     "period_end": "2023-12-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 7.0,
     "claims_reported_m": 6.0,
     "claims_m": 6.0,
     "loss_ratio_pct": 85.7,
     "suppressed": false
    },
    {
     "period_end": "2024-03-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 18.0,
     "claims_reported_m": -4.0,
     "claims_m": 4.0,
     "loss_ratio_pct": 22.2,
     "suppressed": false
    },
    {
     "period_end": "2024-06-30",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 21.0,
     "claims_reported_m": -7.0,
     "claims_m": 7.0,
     "loss_ratio_pct": 33.3,
     "suppressed": false
    },
    {
     "period_end": "2024-09-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 27.0,
     "claims_reported_m": -10.0,
     "claims_m": 10.0,
     "loss_ratio_pct": 37.0,
     "suppressed": false
    },
    {
     "period_end": "2024-12-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 21.0,
     "claims_reported_m": -6.0,
     "claims_m": 6.0,
     "loss_ratio_pct": 28.6,
     "suppressed": false
    },
    {
     "period_end": "2025-03-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 17.0,
     "claims_reported_m": -8.0,
     "claims_m": 8.0,
     "loss_ratio_pct": 47.1,
     "suppressed": false
    },
    {
     "period_end": "2025-06-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 21.0,
     "claims_reported_m": -5.0,
     "claims_m": 5.0,
     "loss_ratio_pct": 23.8,
     "suppressed": false
    },
    {
     "period_end": "2025-09-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 30.0,
     "claims_reported_m": -14.0,
     "claims_m": 14.0,
     "loss_ratio_pct": 46.7,
     "suppressed": false
    },
    {
     "period_end": "2025-12-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 16.0,
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     "loss_ratio_pct": 12.5,
     "suppressed": false
    },
    {
     "period_end": "2026-03-31",
     "financial_year": 2026,
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     "insurance_revenue_m": 18.0,
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     "claims_m": 10.0,
     "loss_ratio_pct": 55.6,
     "suppressed": false
    },
    {
     "period_end": "2026-06-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 23.0,
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     "claims_m": 8.0,
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     "suppressed": false
    }
   ],
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     "label": "FY24",
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     "complete": false,
     "insurance_revenue_m": 46.0,
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     "loss_ratio_pct": null,
     "loss_ratio_withheld_because": "only 3 of 4 quarters are published on this basis"
    },
    {
     "financial_year": 2025,
     "label": "FY25",
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     "complete": true,
     "insurance_revenue_m": 86.0,
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     "loss_ratio_withheld_because": null
    },
    {
     "financial_year": 2026,
     "label": "FY26",
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     "complete": true,
     "insurance_revenue_m": 87.0,
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     "loss_ratio_pct": 39.1,
     "loss_ratio_withheld_because": null
    }
   ],
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  },
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    },
    {
     "period_end": "2024-06-30",
     "financial_year": 2024,
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     "suppressed": false
    },
    {
     "period_end": "2024-09-30",
     "financial_year": 2025,
     "basis": "aasb17",
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     "claims_m": 2.0,
     "loss_ratio_pct": 40.0,
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    },
    {
     "period_end": "2024-12-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 4.0,
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     "claims_m": 1.0,
     "loss_ratio_pct": 25.0,
     "suppressed": false
    },
    {
     "period_end": "2025-03-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 3.0,
     "claims_reported_m": -1.0,
     "claims_m": 1.0,
     "loss_ratio_pct": 33.3,
     "suppressed": false
    },
    {
     "period_end": "2025-06-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 4.0,
     "claims_reported_m": -2.0,
     "claims_m": 2.0,
     "loss_ratio_pct": 50.0,
     "suppressed": false
    },
    {
     "period_end": "2025-09-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 3.0,
     "claims_reported_m": -2.0,
     "claims_m": 2.0,
     "loss_ratio_pct": 66.7,
     "suppressed": false
    },
    {
     "period_end": "2025-12-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 3.0,
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     "claims_m": 1.0,
     "loss_ratio_pct": 33.3,
     "suppressed": false
    },
    {
     "period_end": "2026-03-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 3.0,
     "claims_reported_m": -1.0,
     "claims_m": 1.0,
     "loss_ratio_pct": 33.3,
     "suppressed": false
    },
    {
     "period_end": "2026-06-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 4.0,
     "claims_reported_m": -1.0,
     "claims_m": 1.0,
     "loss_ratio_pct": 25.0,
     "suppressed": false
    }
   ],
   "financial_years": [
    {
     "financial_year": 2024,
     "label": "FY24",
     "quarters": 3,
     "complete": false,
     "insurance_revenue_m": 10.0,
     "claims_m": 4.0,
     "loss_ratio_pct": null,
     "loss_ratio_withheld_because": "only 3 of 4 quarters are published on this basis"
    },
    {
     "financial_year": 2025,
     "label": "FY25",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 16.0,
     "claims_m": 6.0,
     "loss_ratio_pct": 37.5,
     "loss_ratio_withheld_because": null
    },
    {
     "financial_year": 2026,
     "label": "FY26",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 13.0,
     "claims_m": 5.0,
     "loss_ratio_pct": 38.5,
     "loss_ratio_withheld_because": null
    }
   ],
   "rank_lowest_return_first": 2
  },
  "VIC": {
   "state": "VIC",
   "state_name": "Victoria",
   "latest_financial_year": 2026,
   "revenue_m": 268.0,
   "claims_m": 107.0,
   "loss_ratio_pct": 39.9,
   "quarters": [
    {
     "period_end": "2023-12-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 58.0,
     "claims_reported_m": -15.0,
     "claims_m": 15.0,
     "loss_ratio_pct": 25.9,
     "suppressed": false
    },
    {
     "period_end": "2024-03-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 57.0,
     "claims_reported_m": -15.0,
     "claims_m": 15.0,
     "loss_ratio_pct": 26.3,
     "suppressed": false
    },
    {
     "period_end": "2024-06-30",
     "financial_year": 2024,
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     "insurance_revenue_m": 62.0,
     "claims_reported_m": -21.0,
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     "suppressed": false
    },
    {
     "period_end": "2024-09-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 88.0,
     "claims_reported_m": -36.0,
     "claims_m": 36.0,
     "loss_ratio_pct": 40.9,
     "suppressed": false
    },
    {
     "period_end": "2024-12-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 67.0,
     "claims_reported_m": -21.0,
     "claims_m": 21.0,
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     "suppressed": false
    },
    {
     "period_end": "2025-03-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 60.0,
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     "claims_m": 23.0,
     "loss_ratio_pct": 38.3,
     "suppressed": false
    },
    {
     "period_end": "2025-06-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 69.0,
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     "claims_m": 20.0,
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     "suppressed": false
    },
    {
     "period_end": "2025-09-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 72.0,
     "claims_reported_m": -32.0,
     "claims_m": 32.0,
     "loss_ratio_pct": 44.4,
     "suppressed": false
    },
    {
     "period_end": "2025-12-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 64.0,
     "claims_reported_m": -24.0,
     "claims_m": 24.0,
     "loss_ratio_pct": 37.5,
     "suppressed": false
    },
    {
     "period_end": "2026-03-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 62.0,
     "claims_reported_m": -28.0,
     "claims_m": 28.0,
     "loss_ratio_pct": 45.2,
     "suppressed": false
    },
    {
     "period_end": "2026-06-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 70.0,
     "claims_reported_m": -23.0,
     "claims_m": 23.0,
     "loss_ratio_pct": 32.9,
     "suppressed": false
    }
   ],
   "financial_years": [
    {
     "financial_year": 2024,
     "label": "FY24",
     "quarters": 3,
     "complete": false,
     "insurance_revenue_m": 177.0,
     "claims_m": 51.0,
     "loss_ratio_pct": null,
     "loss_ratio_withheld_because": "only 3 of 4 quarters are published on this basis"
    },
    {
     "financial_year": 2025,
     "label": "FY25",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 284.0,
     "claims_m": 100.0,
     "loss_ratio_pct": 35.2,
     "loss_ratio_withheld_because": null
    },
    {
     "financial_year": 2026,
     "label": "FY26",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 268.0,
     "claims_m": 107.0,
     "loss_ratio_pct": 39.9,
     "loss_ratio_withheld_because": null
    }
   ],
   "rank_lowest_return_first": 4
  },
  "WA": {
   "state": "WA",
   "state_name": "Western Australia",
   "latest_financial_year": 2026,
   "revenue_m": 122.0,
   "claims_m": 49.0,
   "loss_ratio_pct": 40.2,
   "quarters": [
    {
     "period_end": "2023-12-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 21.0,
     "claims_reported_m": -6.0,
     "claims_m": 6.0,
     "loss_ratio_pct": 28.6,
     "suppressed": false
    },
    {
     "period_end": "2024-03-31",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 25.0,
     "claims_reported_m": -6.0,
     "claims_m": 6.0,
     "loss_ratio_pct": 24.0,
     "suppressed": false
    },
    {
     "period_end": "2024-06-30",
     "financial_year": 2024,
     "basis": "aasb17",
     "insurance_revenue_m": 33.0,
     "claims_reported_m": -9.0,
     "claims_m": 9.0,
     "loss_ratio_pct": 27.3,
     "suppressed": false
    },
    {
     "period_end": "2024-09-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 42.0,
     "claims_reported_m": -15.0,
     "claims_m": 15.0,
     "loss_ratio_pct": 35.7,
     "suppressed": false
    },
    {
     "period_end": "2024-12-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 33.0,
     "claims_reported_m": -15.0,
     "claims_m": 15.0,
     "loss_ratio_pct": 45.5,
     "suppressed": false
    },
    {
     "period_end": "2025-03-31",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 27.0,
     "claims_reported_m": -10.0,
     "claims_m": 10.0,
     "loss_ratio_pct": 37.0,
     "suppressed": false
    },
    {
     "period_end": "2025-06-30",
     "financial_year": 2025,
     "basis": "aasb17",
     "insurance_revenue_m": 33.0,
     "claims_reported_m": -11.0,
     "claims_m": 11.0,
     "loss_ratio_pct": 33.3,
     "suppressed": false
    },
    {
     "period_end": "2025-09-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 32.0,
     "claims_reported_m": -14.0,
     "claims_m": 14.0,
     "loss_ratio_pct": 43.8,
     "suppressed": false
    },
    {
     "period_end": "2025-12-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 30.0,
     "claims_reported_m": -9.0,
     "claims_m": 9.0,
     "loss_ratio_pct": 30.0,
     "suppressed": false
    },
    {
     "period_end": "2026-03-31",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 28.0,
     "claims_reported_m": -14.0,
     "claims_m": 14.0,
     "loss_ratio_pct": 50.0,
     "suppressed": false
    },
    {
     "period_end": "2026-06-30",
     "financial_year": 2026,
     "basis": "aasb17",
     "insurance_revenue_m": 32.0,
     "claims_reported_m": -12.0,
     "claims_m": 12.0,
     "loss_ratio_pct": 37.5,
     "suppressed": false
    }
   ],
   "financial_years": [
    {
     "financial_year": 2024,
     "label": "FY24",
     "quarters": 3,
     "complete": false,
     "insurance_revenue_m": 79.0,
     "claims_m": 21.0,
     "loss_ratio_pct": null,
     "loss_ratio_withheld_because": "only 3 of 4 quarters are published on this basis"
    },
    {
     "financial_year": 2025,
     "label": "FY25",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 135.0,
     "claims_m": 51.0,
     "loss_ratio_pct": 37.8,
     "loss_ratio_withheld_because": null
    },
    {
     "financial_year": 2026,
     "label": "FY26",
     "quarters": 4,
     "complete": true,
     "insurance_revenue_m": 122.0,
     "claims_m": 49.0,
     "loss_ratio_pct": 40.2,
     "loss_ratio_withheld_because": null
    }
   ],
   "rank_lowest_return_first": 5
  }
 },
 "ranked_lowest_return_first": [
  "QLD",
  "TAS",
  "SA",
  "VIC",
  "WA",
  "ACT",
  "NSW",
  "NT"
 ],
 "units": {
  "amounts": "A$ millions, as published by APRA",
  "ratios": "per cent"
 },
 "licence_note": "Source: APRA Quarterly General Insurance Performance Statistics, Australian Prudential Regulation Authority, used under CC BY 3.0 AU.",
 "source_id": "apra-qgips-current",
 "source_name": "APRA Quarterly General Insurance Performance Statistics (current basis)",
 "source_url": "https://www.apra.gov.au/system/files/2026-08/Quarterly%20general%20insurance%20performance%20statistics%20database%20September%202023%20to%20June%202026.xlsx",
 "source_sha256": "c82207709b1161065eaaeaf9aa30ff8295af9c43bf8050ae537a79e10a64d5af",
 "source_first_seen_at": "2026-10-05T13:21:42Z",
 "licence": "CC-BY-3.0-AU",
 "stale": false
}