APRA releases quarterly private health insurance statistics for December 2017
The Australian Prudential Regulation Authority (APRA) today released its quarterly private health insurance publications for the December 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 31 December 2017:
| December 2016 | December 2017 | Change |
|---|---|---|---|
| Premium revenue | $22.6 billion | $23.5 billion | +4.2% |
| Total fund benefits | $19.5 billion | $20.2 billion | +3.9% |
| Net profit after tax | $1.32 billion | $1.42 billion | +7.0% |
| Total assets | $12.6 billion | $13.3 billion | +5.9% |
Key ratios for the private health insurance industry in the year ended 31 December 2017:
| December 2016 | December 2017 | Change | |
|---|---|---|---|
| Gross margin | 13.85% | 14.10% | +0.25 pp |
| Net margin | 5.21% | 5.16% | -0.05 pp |
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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.