Full financial results are available in the LGIS Annual Financial Report 2024/25 which should be read in conjunction with the 2025 Year in Review report. Please make sure that you've logged into the LGIS website before clicking on the link to the combined reports.

Local government is complex business and this year LGIS has skilfully navigated the emerging and ongoing risks to deliver certainty and sustainable protection to our members.

Our 2024/25 financial results demonstrate the effectiveness of our strategic approach, we've achieved a better-than-expected result of $4.35 M. This is ahead of budget.

As in previous years capital adequacy was a keen area of focus for the Board, and we have decided to reinvest the entirety of the 2024/25 surplus into our capital reserves.

This decision is in line with advice from the Scheme's actuaries, Scyne, following their analysis of claims performance, claims forecasts, and financial requirements.

Year on year the sector's risk profile grows more complex and it's vital that LGISWA has adequate capital to respond to potential claims.

In 2024/25 we received over 4,700 claims and made claims payments of over $61.4 M. Total claims expenses were $6.8 M more than budgeted, which is significant.

Most segments performed well, but our WorkCare fund again faced challenging times whilst our Employment Practices Liability and Motor funds also saw claims costs above expectations.

WorkCare's performance is of particular note as members, through the Scheme, carry the vast majority of risk-financing responsibilities for these claims. Increased cost of claims does have material impact on capital requirements and contribution rates.

Skills shortages, under resourcing, council dynamics, and a demanding public is also impacting members. We're seeing the results with increased psychological injury and employment practices claims.

The sector's fleet is becoming more sophisticated as members invest in vehicles with complex electronics and move towards an electric fleet. The high cost of repair is compounded by the high number of at-fault incidents.

The West Australian community is becoming more litigious, and we're witnessing a growing number of public liability claims particularly around trees, roads, and footpaths. Although we successfully defend the majority of these for members the sheer number of them does have an impact, especially where legal support is required.

It's a dynamic risk environment and reinvestment of year's surplus ensures we have the capital capacity to provide ongoing, sustainable long-term protection to the Western Australian local government sector.

It's important to remember that the LGIS mutual Scheme doesn't operate to make a profit, but rather to serve and protect the local government sector.

Investments are a large part of our income and despite global turmoil and trade wars they have performed well this year, making up a large component of this year's surplus.

Read the reports.

The combined reports are now available on the LGIS website – Resources> member information or contact your LGIS account manager.