APRA releases quarterly private health insurance statistics for December 2018
The Australian Prudential Regulation Authority (APRA) has released its quarterly private health insurance publications for the December 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 industry in the year ended:
| December 2017 | December 2018 | Change | |
|---|---|---|---|
| Premium revenue | $23.54 billion | $24.23 billion | +2.94% |
| Fund benefits | $20.00 billion | $20.57 billion | +2.83% |
| Net profit after tax | $1.42 billion | $1.19 billion | -16.26% |
| Total assets | $13.32 billion | $13.72 billion | +3.02% |
Key ratios for the industry in the year ended:
| December 2017 | December 2018 | Change | |
|---|---|---|---|
| Gross margin | 14.10% | 14.18% | 0.08 pp |
| Net margin | 5.16% | 5.18% | 0.02 pp |
Copies of the December 2018 quarterly publications are available on APRA’s website at: https://www.apra.gov.au/publications.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.