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APRA releases private health insurance statistics for March 2017

Tuesday 16 May 2017

 

The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the March 2017 quarter.

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

Key performance statistics for the private health insurance industry in the year ended 31 March 2017:

  March 2016 March 2017 Change
Premium revenue $21.8 billion $22.8 billion +5.0%
Total Fund benefits $18.7 billion $19.7 billion +5.4%
Net profit after tax $1.1 billion $1.3 billion +18.2%
Total assets $12.6 billion $13.6 billion +7.8%

Key ratios for the private health insurance industry in the year ended 31 March 2017:

  March 2016 March 2017 Change
Gross margin 14.0% 13.6% -0.4pp
Net margin 5.6% 4.8% -0.8pp

Refer to the March 2017 quarterly publications.

Statistics

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