Skip to main content
Media Releases

APRA releases friendly society statistics for June 2015

Wednesday 16 December 2015

 

15.37

The Australian Prudential Regulation Authority (APRA) today released its Annual Friendly Society Bulletin publication for the year ending 30 June 2015.

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 2015:

  June 2014 June 2015 Change
Net premiums $722.3 million $725.8 million +0.5%
Net policy payments $770.4 million $805.5 million +4.6%
Investment revenue $493.9 million $404.9 million -18.0%
Net profit after tax $17.8 million $11.2 million -37.2%
Total assets $6,605.4 million $6,754.2 million +2.3%

Key ratios for the friendly society industry in the year ended 30 June 2015:

  June 2014 June 2015 Change
Return on net benefit fund assets (investment linked) 7.49% 5.12% -2.37pp
Return on net benefit fund assets (non-investment linked) 2.21% 1.78% -0.43pp
Return on net benefit fund assets (defined contribution) 5.26% 3.86% -1.40pp
Return on net benefit fund assets (defined benefit) 0.25% -1.17% -1.42pp

Refer to the June 2015 Annual Friendly Society Bulletin publication.

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 $6 trillion in assets for Australian depositors, policyholders and superannuation fund members.