AUL HY2023 Investor Presentation
Retail highlights
Australian Unity Health Limited
Private health insurance (PHI)
•
.
PHI policyholders decreased by 1.9% to
165,053
Overseas visitor cover benefited from a
relaxation in border restrictions, with
policyholders increasing 15.4% to
3,737
Australian Unity announced further
savings for PHI policyholders through a
seven-month deferral of the 2023
premium rate increase from
1 April 2023 until 1 November 2023
In January 2023, the federal Minister
for Health approved Australian Unity
Health Limited's (AUHL) 2023 Premium
Round submission, with an average
increase of 3.76%. While this was
above the announced sector average
for 2023 of 2.90%, AUHL's average
increase over the past three years of
2.83% per annum is slightly above the
sector average of 2.78% per annum
•
Deferred Claims Liability
Australian Unity Bank Limited
Australian
Unity
Real Wellbeing
Deferred Claims Liability1 (DCL) decreased
by $30.3m to $40.7m at 31 December 2022
•
More than 26,000 customers, with total assets growing by $85.3m
to $1,421.3m (30 June 2022: $1,336.0m)
Expected Credit Loss provision on loans increased by $0.7m to
$9.1m (30 June 2022: $8.4m)
Despite significant challenges and disruption presented by the
COVID-19 pandemic, the Gross Loan Portfolio increased by $36.0m
to $1,150.5m (30 June 2022: $1,114.5m)
Issuer Credit Rating by S&P Global remained stable at 'BBB+'
$m
DCL as at 30 June 2022
71.0
Unwind of provision during the
period
(30.0)
Movement in other components
(0.3)
.
DCL as at 31 December 2022
40.7
1 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 HY2023 Investor presentation
Figures at 31 December 2022, unless otherwise noted
23
23View entire presentation