The Australian Prudential Regulation Authority (APRA) has released its quarterly private health insurance publications for the September 2019 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 2018 | September 2019 | Change | |
|---|---|---|---|
| Premium revenue | $24.07 billion | $24.70 billion | +2.62% |
| Fund benefits | $20.43 billion | $21.18 billion | +3.65% |
| Net profit after tax | $1.41 billion | $1.24 billion | -12.14% |
| Total assets | $14.09 billion | $14.98 billion | +6.34% |
Key ratios for the industry in the year ended:
| September 2018 | September 2019 | Change | |
|---|---|---|---|
| Gross margin | 14.15% | 13.30% | -0.85 pp |
| Net margin | 5.18% | 4.16% | -1.02 pp |
Copies of the September 2019 quarterly publications are available on the APRA website at: Quarterly private health insurance statistics.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
