APRA releases private health insurance statistics for March 2017
The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the March 2017 quarter.
The publications provide industry aggregate summaries of key financial and membership statistics of the private health insurance industry.
Key performance statistics for the private health insurance industry in the year ended 31 March 2017:
| March 2016 | March 2017 | Change | |
|---|---|---|---|
| Premium revenue | $21.8 billion | $22.8 billion | +5.0% |
| Total Fund benefits | $18.7 billion | $19.7 billion | +5.4% |
| Net profit after tax | $1.1 billion | $1.3 billion | +18.2% |
| Total assets | $12.6 billion | $13.6 billion | +7.8% |
Key ratios for the private health insurance industry in the year ended 31 March 2017:
| March 2016 | March 2017 | Change | |
|---|---|---|---|
| Gross margin | 14.0% | 13.6% | -0.4pp |
| Net margin | 5.6% | 4.8% | -0.8pp |
Refer to the March 2017 quarterly publications.
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Contact APRA Media Unit, on +61 2 9210 3636
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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.