Southern Cross Health Society’s annual financial results show its membership is back to levels last seen in 1992.
The society’s membership currently stands at 940,000, with nearly 32,000 net new members added over the past year.
Nick Astwick, the society’s CEO said New Zealanders are prioritising their health and wellbeing.
“This year we have also seen exceptional growth in the number of businesses joining us, with 223 new businesses investing in health insurance for their employees this year,” said Astwick.
“For every dollar paid in premiums over the last financial year, 88.4 cents was returned to members in claims.”
Key numbers
- 940,105 members
- In the year ended 30 June 2023, the Society paid more than three million claims, including:
- 293,204 surgical procedures (up 14.3%)
- 568,768 specialist consultations (up 9.4%)
- 620,533 prescriptions (up 7.1%)
- 729,846 GP visits (up 15.5%)