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APRA releases private health insurance statistics for December 2016

Tuesday 14 February 2017

 

The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the December 2016 quarter.

The publications provide industry aggregate summaries of key financial and membership statistics of private health insurance industry.

Key performance statistics for the private health insurance industry in the year ended 31 December 2016:

  December 2015 December 2016 Change
Premium revenue $21.4 billion $22.6 billion +5.5%
Fund benefits $18.5 billion $19.5 billion +5.1%
Net profit after tax $1.2 billion $1.3 billion +11.5%
Total assets $11.8 billion $12.6 billion +7.0%

Key ratios for the private health insurance industry in the year ended 31 December 2016:

  December 2015 December 2016 Change
Gross margin 13.5% 13.9% +0.4pp
Net margin 5.1% 5.2% 0.1pp

Refer to the December 2016 quarterly publications.

Statistics

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Contact Ben McLean, APRA Media Unit, on +61 2 9210 3024

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For more information contact APRA on 1300 558 849.