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APRA releases friendly society statistics for June 2016

Wednesday 14 December 2016

 

16.53

The Australian Prudential Regulation Authority (APRA) today released its Annual Friendly Society Bulletin publication for the year ending 30 June 2016.

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 2016:

  June 2015 June 2016 Change
Net premiums $725.8 million $735.3 million +1.3%
Net policy payments $805.5 million $856.7 million +6.4%
Investment revenue $404.9 million $298.9 million -26.2%
Net profit after tax $11.2 million $21.2 million +89.3%
Total assets $6,754.2 million $6,805.9 million +0.8%

Key ratios for the friendly society industry in the year ended 30 June 2016:

  June 2015 June 2016 Change
Return on net benefit fund assets (investment linked) 5.12% 2.47% -2.65pp
Return on net benefit fund assets (non-investment linked) 1.78% 2.05% +0.27pp
Return on net benefit fund assets (defined contribution) 3.86% 2.34% -1.52pp
Return on net benefit fund assets (defined benefit) -1.17% 1.15% +2.32pp

Refer to the June 2016 Annual Friendly Society Bulletin publication.

Statistics

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