APRA releases quarterly private health insurance statistics for September 2019

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 2018September 2019Change
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 2018September 2019Change
Gross margin14.15%13.30%-0.85 pp
Net margin5.18%4.16%-1.02 pp

Copies of the September 2019 quarterly publications are available on the APRA website at: Quarterly private health insurance statistics.

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