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APRA releases quarterly private health insurance statistics for September 2018

Wednesday 14 November 2018

The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the September 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 industry in the year ended:
 
  September 2017 September 2018 Change
Premium revenue $23.30 billion $24.07 billion 3.31%
Fund benefits $19.72 billion $20.43 billion 3.62%
Net profit after tax $1.43 billion $1.41 billion -1.37%
Total assets $13.60 billion $14.09 billion 3.61%

 

Key ratios for the industry in the year ended:

 
  September 2017 September 2018 Change
Gross margin 14.41% 14.15% -0.26pp
Net margin 5.52% 5.18% -0.34 pp

 

Copies of the September 2018 quarterly publications are available on APRA’s website at: https://www.apra.gov.au/publications
 

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.