APRA releases quarterly private health insurance statistics for September 2018
The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the September 2018 quarter.
| September 2017 | September 2018 | Change | |
|---|---|---|---|
| Premium revenue | $23.30 billion | $24.07 billion | 3.31% |
| Fund benefits | $19.72 billion | $20.43 billion | 3.62% |
| Net profit after tax | $1.43 billion | $1.41 billion | -1.37% |
| Total assets | $13.60 billion | $14.09 billion | 3.61% |
Key ratios for the industry in the year ended:
| September 2017 | September 2018 | Change | |
|---|---|---|---|
| Gross margin | 14.41% | 14.15% | -0.26pp |
| Net margin | 5.52% | 5.18% | -0.34 pp |
Copies of the September 2018 quarterly publications are available on APRA’s website at: https://www.apra.gov.au/publications
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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.