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APRA releases quarterly private health insurance statistics for September 2017

Tuesday 14 November 2017

 

The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the September 2017 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 30 September 2017:

  September 2016 September 2017 Change
Premium revenue $22.3 billion $23.3 billion +4.3%
Total fund benefits $19.2 billion $19.9 billion +3.7%
Net profit after tax $1.36 billion $1.43 billion +4.8%
Total assets $12.8 billion $13.6 billion +6.3%

Key ratios for the private health insurance industry in the year ended 30 September 2017

  September 2016 September 2017 Change
Gross margin 13.85% 14.41% +0.56% pp
Net margin 5.29% 5.52% +0.23% pp

Copies of the September 2017 quarterly publications are available on APRA’s website.

Statistics

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

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For more information contact APRA on 1300 558 849.