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APRA releases quarterly private health insurance statistics for March 2018

18.20
 
The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the March 2018 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 March 2018:
 
 
March 2017
March 2018
Change
Premium revenue
$22.8 billion
$23.8 billion
+4.0%
Total fund benefits
$19.7 billion
$20.3 billion
+3.0%
Net profit after tax
$1.35 billion
$1.38 billion
+2.6%
Total assets
$13.6 billion
$14.4 billion
+5.5%
 
Key ratios for the private health insurance industry in the year ended 31 March 2018:
 
March 2017
March 2018
Change
Gross margin
13.60%
14.41%
+0.81 pp
Net margin
4.81%
5.41%
+0.60 pp
 
 
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