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APRA releases private health insurance statistics for June 2016

Tuesday 16 August 2016

The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the June 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 30 June 2016:

  June 2015 June 2016 Change
Premium revenue $20.7 billion $22.1 billion +6.4%
Fund benefits $17.9 billion $18.8 billion +5.3%
Net profit after tax $1.1 billion $1.2 billion +8.9%
Total assets $11.8 billion $12.8 billion +8.3%

Key ratios for the private health insurance industry in the year ended 30 June 2016:

  June 2015 June 2016 Change
Gross margin 12.8% 13.8% +1.0 pp
Net margin 4.4% 5.2% +0.8 pp

Copies of the June 2016 quarterly publications are available on APRA’s website.

Statistics

Media enquiries

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

All other enquiries

For more information contact APRA on 1300 558 849.

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 $6.5 trillion in assets for Australian depositors, policyholders and superannuation fund members.