Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

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Thematic (Sector/Industry)

Australia Insurance / Thematic (Sector/Industry)

The Federal Health Minister has approved an industry-wide average increase in private health insurance premiums of 4.84% to take effect April 1, 2017. We were expecting an increase in the 4.5%-5.0% range and endorse the lowest annual increase in a decade. Despite the decade-low industrywide increase, private health insurance premiums continue to grow at a faster rate than wage growth and significantly higher than consumer price index growth. From an industry perspective, we expect private health insurance market growth to slow in response to ongoing affordability concerns and slowing population growth. The industry average increase is modestly higher than consensus and continues to underpin the profitability of private health insurers.
The industry average was 5.59% for 2016 and 6.18% for 2015. <a href="https://www.smartkarma.com/entities/75" target="_blank" data-smartkarma-citation="entities:75:1" rel="noopener">Medibank Private Ltd (MPL AU)</a> continues to struggle to retain policyholders following a 2.5% decline to 1.8 million in fiscal 2016, whereas <a href="https://www.smartkarma.com/entities/7063" target="_blank" data-smartkarma-citation="entities:7063:1" rel="noopener">NIB Holdings Ltd (NHF AU)</a> increased Australian policyholders 3.8% to 529,000 in fiscal 2016.
Analysts: David Ellis and Ravi Reddy

The Federal Health Minister has approved an industry-wide average increase in private health insurance premiums of 4.84% to take effect April 1, 2017. We were expecting an increase in the 4.5%-5.0% range and endorse the lowest annual increase in a decade. Despite the decade-low industrywide increase, private health insurance premiums continue to grow at a faster rate than wage growth and significantly higher than consumer price index growth. From an industry perspective, we expect private health insurance market growth to slow in response to ongoing affordability concerns and slowing population growth. The industry average increase is modestly higher than consensus and continues to underpin the profitability of private health insurers.
The industry average was 5.59% for 2016 and 6.18% for 2015. Medibank Private Ltd (MPL AU) continues to struggle to retain policyholders following a 2.5% decline to 1.8 million in fiscal 2016, whereas NIB Holdings Ltd (NHF AU) increased Australian policyholders 3.8% to 529,000 in fiscal 2016.
Analysts: David Ellis and Ravi Reddy

Industry-Wide Health Insurance Premiums Increase 4.8% - Broadly in Line with Expectations