Results from TAL's parent company Dai-ichi Life show that TAL's revenue on a Japanese GAAP reported basis rose 9 per cent to $1.195 billion in the six months to September 31, compared to the same period the year before.
TAL's preferred measure of financial performance, underlying profit, rose by 26 per cent to $70 million over the same period.
"The underlying profit and growth figures are impressive given the continuing tough business climate," TAL managing director Jim Minto said.
"In this period we have seen the market impacts of higher claims and lapses as reported by most other life insurers. We have been able to manage these effects reasonably well although we will continue to be very vigilant."
TAL's net profit after tax reached $68 million, an increase of 8 per cent from the 2011 results.
Furthermore new business premiums grew from $123 million in the first half of 2011 to $196 million this period, with individual risk sales growing from $96 million to $109 million and group sales rising from $26 million to $86 million.
Since March of this year, TAL's embedded value grew by 12 per cent to $1.792 billion, while inforce premiums increased from $1.39 billion to $1.52 billion.
TAL said the strong performance will enable them to further grow the business within Australia.
"We have exciting plans for our business to ensure we maintain our growth and make life insurance more valued than ever before by consumers around the country," Mr Minto said.
