13 December 2017
The Australian Prudential Regulation Authority (APRA) today released its Annual Friendly Society Bulletin publication for the year ending 30 June 2017.
The Annual Friendly Society Bulletin publication provides industry aggregate summaries of financial performance, financial position, capital adequacy and key ratios for a 12-month reference period. The publication also contains a range of data items for each individual entity, including profit and loss, balance sheet and capital information.
Key performance statistics for the friendly society industry in the year ended 30 June 2017:
|Net policy payments
|Net profit after tax
Key ratios for the friendly society industry in the year ended 30 June 2017:
|Return on net benefit fund assets (investment-linked)
|Return on net benefit fund assets (non-investment-linked)
|Return on net benefit fund assets (defined contribution)
|Return on net benefit fund assets (defined benefit)
Copies of the June 2017 Annual Friendly Society Bulletin publication are available on APRA’s website at: www.apra.gov.au/lifs/Publications/Pages/Friendly-Society-Annual-Bulletin.aspx
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding approximately $6 trillion in assets for Australian depositors, policyholders and superannuation fund members.
Media and industry enquiries only:
APRA Media Unit
Telephone: 02 9210 3636
All other inquiries:
APRAinfo: 1300 55 88 49