16.45
The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the September 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 September 2016:
| September 2015 | September 2016 | Change | |
|---|---|---|---|
| Premium revenue | $21.1 billion | $22.3 billion | +5.9% |
| Fund benefits | $18.1 billion | $19.0 billion | +4.9% |
| Net profit after tax | $1.1 billion | $1.4 billion | +28.3% |
| Total assets | $11.7 billion | $12.8 billion | +9.3% |
Key ratios for the private health insurance industry in the year ended 30 September 2016:
| September 2015 | September 2016 | Change | |
|---|---|---|---|
| Gross margin | 13.0% | 13.9% | 0.9 pp |
| Net margin | 4.5% | 5.3% | 0.8 pp |
Copies of the September 2016 quarterly publications are available on APRA’s website.