PPS Mutual has announced its 10th consecutive annual Profit-Share allocation, with its Profit-Share pool reaching $19.6 million at the end of the 2025-26 financial year, up 30% on the previous year.
The insurer says a further $4.7 million was assigned to Members’ Profit-Share Accounts during the year, a 24% increase in the annual allocation (see: PPS Mutual Reaches $15 Million Profit-Share Milestone).
It says this is a landmark anniversary year for the company, which marked a decade in the Australian market in June (see: PPS Mutual Marks First Decade In Australia).
PPS Mutual notes that under the profit-share model, members may receive a share of the profits generated by their policies, based on factors including operating margins, claims experience and investment returns.
“For 2025-26, PPS Mutual declared Profit-Share rates of 3.15% of premiums and 6.5% of opening balances. PPS Mutual’s membership has now grown to more than 18,000 professionals.”
PPS Mutual CEO Michael Pillemer says the 10th annual assignment represented an important milestone for the business and its members.
“A decade ago, we set out to prove that mutuality is not a nostalgic alternative to modern insurance, but a durable one – an ownership model where the interests of the life insurance company and the insured are directly aligned. Ten consecutive annual Profit-Share assignments and a pool now approaching A$20 million provide the empirical case for that thesis.”
The highest Profit-Share Account balance held by a member now stands at $54,000…
The company says individual member balances continue to build. The highest Profit-Share Account balance held by a member now stands at $54,000, with 131 Members holding balances above $10,000 and 489 Members above $5,000.
“Behind each of those balances is a professional receiving additional long-term value alongside the life insurance protection they hold,” Pillemer says.
As the earliest members reach the 10-year access threshold, funds are increasingly flowing back to them. To date, 54 members have withdrawn more than $239,000 collectively, including five members who have accessed more than $10,000, 17 who have accessed between $5,000 and $10,000, and 32 who have accessed up to $5,000.
The company says the growth in Profit-Share Account balances is also creating an increasingly meaningful source of value across PPS Mutual’s accredited adviser network.
Thirty-eight advisers now have more than $100,000 in combined client Profit-Share Account balances…
“Thirty-eight advisers now have more than $100,000 in combined client Profit-Share Account balances, while eight advice firms have combined client balances exceeding $500,000 and three have balances exceeding $1 million,” it says.
Pillemer says risk advisers are central to the firm. “The fact that 38 advisers now have more than $100,000 in combined Profit-Share Account balances across their clients is a strong indication of the trust they have placed in the model…”
The company says it has recorded the leading Net Promoter Score in the Australian life insurance industry for four consecutive years, most recently achieving an NPS of 54.8 against an industry average of 9.5.
It notes too that its life insurance products are available exclusively through accredited independent financial advisers.
“Members must retain their policies for 10 years to gain partial access to their Profit-Share funds, with withdrawals of up to 5% of the balance permitted each year. Full access is granted after 20 years, when members reach age 65, or in the event of death, terminal illness or certain other qualifying circumstances.”
