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