LGIS WA has released its latest financial results in its 2020 Annual Report.

The results are pleasing after a year of upheaval marked by the pandemic, Scheme changes and a hard insurance market.

"Despite the upheaval, the Scheme has remained financially strong closing out the year with net assets ahead of the Board's capital management plan," Board Chairman Peter Forbes said.

"It's been one of the hardest years on record for the global insurance market and even harder in our pacific region.

Against this backdrop, the achievements of your Scheme have been extraordinary – successfully insulating members against volatile market price hikes and taking the first steps to provide even more protection to the WA local government sector."

Detailed in the report are some major achievements for 2020:

• Approval of a $7 M member support package to offset 2020/21 contributions.
• Broadened Scheme cover.
• 100 per cent of WALGA members having scheme membership for the reporting year.