APRA releases private health insurance statistics for December 2016
The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the December 2016 quarter.
The publications provide industry aggregate summaries of key financial and membership statistics of private health insurance industry.
Key performance statistics for the private health insurance industry in the year ended 31 December 2016:
| December 2015 | December 2016 | Change | |
|---|---|---|---|
| Premium revenue | $21.4 billion | $22.6 billion | +5.5% |
| Fund benefits | $18.5 billion | $19.5 billion | +5.1% |
| Net profit after tax | $1.2 billion | $1.3 billion | +11.5% |
| Total assets | $11.8 billion | $12.6 billion | +7.0% |
Key ratios for the private health insurance industry in the year ended 31 December 2016:
| December 2015 | December 2016 | Change | |
|---|---|---|---|
| Gross margin | 13.5% | 13.9% | +0.4pp |
| Net margin | 5.1% | 5.2% | 0.1pp |
Refer to the December 2016 quarterly publications.
Media enquiries
Contact APRA Media Unit, on +61 2 9210 3636
All other enquiries
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.