This report is prepared pursuant to section 167 of the Private Health Insurance (Prudential Supervision) Act 2015. The report details the operations of private health insurers including details about:

• premiums and other amounts payable to the fund;

• fund benefits and other amounts payable out of the fund;

• management expenses;

• the balance of the fund as at the end of that year; and

• how the assets of the fund have been invested

The report is based on statistics collected by the Private Health Insurance Administration Council (PHIAC) and APRA in the course of the regulation of the industry.

Most statistics in this report are derived from quarterly statistical collections, with the exception of funds’ financial details, which are based on the annual audited returns.