AUL FY21 Investor Presentation
Retail highlights
Australian Unity Health Limited
Private health insurance (PHI)
Growth in PHI policyholders, up
1.7% to 174,827
PHI policy sales up 35.8% and
attrition down 21.1%
Overseas visitor cover impacted
by government border closures,
with policyholders decreasing
33.6%
Delayed April 2020 premium rate
increase to October 2020
April 2021 lowest average AUHL
increase in 20 years (average
increase of 1.99%-below sector
average of 2.74%)
Continued momentum in
digitisation to support direct sales
and customer self service
•
Deferred Claims Liability*
(DCL) increased from $37.6m
to $51.3m principally due to
restrictions on elective surgery
and ancillary services in
Victoria
180 Australian
YEARS
Unity
Real Wellbeing
Australian Unity Bank Limited
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~26,000 customers, with total assets growing by
$16.9m to $1.15b (30 June 2020: $1.13b)
Expected Credit Loss provision on loans decreased
by $3.1m to $13.3m (30 June 2020: $16.4m)
Average loan book of $915.9m was $67.7m, or
8.0% above the previous year
services, with emphasis on digital delivery
•
Continued focus on delivering quality products and
Despite COVID-19 challenges, Gross Loan Portfolio
decreased marginally by $9.6m to $918.7m
(30 June 2020: $928.1m)
Implemented the Kookaburra Securitisation
Program, a self-securitisation structure acting as a
contingent liquidity support capability with 94% of
notes rated as 'AAA' and providing further access
to the RBA's Term Funding Facility
Issuer Credit Rating by Standard & Poor's remained
stable at 'BBB+'
*The Deferred Claims Liability is an
additional provision held as a result
of surgeries and other health
services being restricted during the
COVID-19 measures
AUL FY21 Investor presentation
Deferred Claims Liability
$m
DCL as at 30 June 2021
51.3
Increase in provision during the period
27.5
Unwind of provision during the period
(14.3)
Movement in other
components
0.5
DCL as at 30 June 2020
37.6
Figures at 30 June 2021, unless otherwise noted
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