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APRA releases quarterly private health insurance statistics for March 2019

Tuesday 21 May 2019

The Australian Prudential Regulation Authority (APRA) has released its quarterly private health insurance publications for the March 2019 quarter.

The publications provide industry aggregate summaries of key financial and membership statistics for the private health insurance industry. 
  
Key performance statistics for the industry in the year ended:
 
March 2018
March 2019
Change
Premium revenue
$23.75 billion
$24.40 billion
+2.74%
Fund benefits
$20.10 billion
$20.75 billion
+3.23%
Net profit after tax
$1.39 billion
$1.37 billion
-1.44%
Total assets
$14.38 billion
$14.98 billion
+4.17%
Key ratios for the industry in the year ended:
 
March 2018
March 2019
Change
Gross margin
14.41%
14.01%
-40 bp
Net margin
5.43%
4.98%
-45 bp
Copies of the March 2019 quarterly publications are available on APRA’s website at: https://www.apra.gov.au/publications/private-health-insurance-statistics

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