Brought to you by:

Mutual hits profit-share milestone

PPS Mutual says more than $3.8 million was given to members under its profit-share arrangement in 2024-25.

The profit-share pool reached $15 million, up 31% on the previous fiscal year.

“What excites me most about reaching $15 million is not just the milestone itself but the momentum behind it,” CEO Michael Pillemer said. “The profit-share pool has grown almost sixfold in just five years. That trajectory shows how powerful this model can be in building lasting value for members over their entire professional lives.”

Under PPS’ business model, premiums are pooled to meet claims, operational expenses and future capital reserves, with remaining surplus distributed back to members.

Every financial year, profit-share assignment rates are declared to members based on operating margins, claims experience and investment returns.  

The allocation rate for 2024-25 equated to 3.5% of premiums, together with a 5% interest credit to members’ profit-share account balances.

“Our aim is to show that life insurance can be more than protection – it can also be a source of long-term financial reward,” Mr Pillemer said.

“Watching member balances grow year after year is proof that we’re delivering on that.”

PPS Mutual’s life insurance products are tailored for professionals across medical, commercial, legal and technology, industrial and science sectors. They are distributed through accredited advisers.