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APRA releases quarterly private health insurance statistics for December 2017

18.03
13 February 2018

The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the December 2017 quarter.

The publications provide industry aggregate summaries of key financial and membership statistics for the private health insurance industry.

Key performance statistics for the private health insurance industry in the year ended 31 December 2017:

 

December 2016 December 2017 Change
Premium revenue $22.6 billion $23.5 billion +4.2%
Total fund benefits $19.5 billion $20.2 billion +3.9%
Net profit after tax $1.32 billion $1.42 billion +7.0%
Total assets $12.6 billion $13.3 billion +5.9%


Key ratios for the private health insurance industry in the year ended 31 December 2017:

December 2016 December 2017 Change
Gross margin 13.85% 14.10% +0.25 pp
Net margin 5.21% 5.16% -0.05 pp


Copies of the December 2017 quarterly publications are available on APRA’s website at: www.apra.gov.au/PHI/Publications/Pages/Industry-Statistics.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:
Courtney O'Sullivan
APRA Media Unit
Telephone: 02 9210 3636

All other inquiries:
APRAinfo: 1300 55 88 49