Surplus for HBF

Health insurer HBF has revealed one of its strongest years on record as improved investment markets more than match up with the rising levels of claims.

HBF, a mutual which operates on a not-for-profit basis, recorded a $134 million surplus for the year ending June 30, its second highest performance after hitting $216 million. The previous record, in 2006-07, was strong due to global investment markets and included a one-off $60 million inclusion in general reserves following strategic decision to close the HBF Future Health Benefit scheme.

HBF CEO Rob Bransby said there was nothing particularly exceptional about the financial result which resulted from premium income rising to almost $1.1 billion, up more than 7 per cent from $1.16 billion in the previous financial year.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 8 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment


Assets under management or net assets ($m)

5th-Packer & Company$1,321.0m
6th-Resource Capital Funds$1,100.0m
9th-University of Western Australia$628.6m
45 fund managers ranked by assets under management or net assets

WA Revenue

1st-CBH Group$3.72bn
3rd-St John of God Health Care$1.30bn
5th↑Geraldton Fishermen's Co-operative$360.0m
47 not for profit businesses ranked by WA revenue most recent financial year

Number of Employees

Not For Profit Businesses

BNiQ Disclaimer