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APRA releases quarterly private health insurance statistics for March 2018

Thursday 17 May 2018

The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the March 2018 quarter.

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

Key performance statistics for the private health insurance industry in the year ended 31 March 2018:

 

March 2017

March 2018

Change

Premium revenue

$22.8 billion

$23.8 billion

+4.0%

Total fund benefits

$19.7 billion

$20.3 billion

+3.0%

Net profit after tax

$1.35 billion

$1.38 billion

+2.6%

Total assets

$13.6 billion

$14.4 billion

+5.5%

Key ratios for the private health insurance industry in the year ended 31 March 2018:

 

March 2017

March 2018

Change

Gross margin

13.60%

14.41%

+0.81 pp

Net margin

4.81%

5.41%

+0.60 pp

Statistics

Media enquiries

Contact APRA Media Unit, on +61 2 9210 3636

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.